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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (390112)6/10/2008 11:48:35 AM
From: michael97123  Read Replies (1) of 1576572
 
Perhaps FICA should be taken on all earned income, thus reducing the overall rate back to a lower X%. I would also make the first $10,000 of earnings fica free for the employee. I would make it all revenue neutral so i think we might be able to get down as low as 5-6% with the exclusion. I would leave bush income tax rates alone as this would do the trick for balancing out upper and lower income folks tax burden. The average family making 100k will save about $10,000, 50K will save $7500. Just playing with this plan at present and with the numbers are just guesses.
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