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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (430631)10/27/2008 5:53:43 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1574462
 
Z, you are using the current hysteria over Obama as an excuse not to be intellectually honest.

From Obama's own PDF:

> Families making more than $250,000 will pay either the same or lower tax rates than they paid in the 1990s.

That would only be true for a dual-income family where each individual makes less than $250K, since each wage earner would stay under the $250K FICA cap.

An individual making more than $250K will be paying a lot more in FICA taxes. 12.5 percentage points more. That is indeed a massive tax hike, which you have denied by essentially saying the following:

a) Social Security taxes are "different."
b) It's not going to affect most small businesses.
c) You're temporarily insane.

Tenchusatsu
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