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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (396646)	7/7/2008 3:18:08 PM
From: Road Walker	Read Replies (1) of 1575621

His proposal to lift the FICA cap (except for the curious "donut hole" between $100K and $250K) would essentially be a tax hike to the tune of 12.5 percentage points. No. First it's only on salary. Second there is the mysterious "donut hole" which lowers the rate. As for Obama, I don't consider making the progressive tax curve even sharper to be a "tax cut," even if I end up paying less taxes anyway Well making it less progressive didn't work.

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