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Politics : Formerly About Advanced Micro Devices

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To: michael97123 who wrote (467743)3/31/2009 4:42:55 PM
From: Joe NYC  Read Replies (1) of 1575761
 
Michael,

Fica/medicare stands as is. No one gets a fica refund and thats 14%.

It seems you are unfamiliar with Earned Income Tax Credit.

You are right about sales tax so cut that in half to lets say 4.5% or 2.5k.

Even 2.5k is an overestimation. In highest sales tax county (New York City), it would mean they are paying sales taxes on $30k of purchases. In your first attempt, you had them paying $20k in taxes, which means they are paying sales tax on 100% of their income. I doubt a family with income of $50k has more $10,000k left after paying taxes, housing, health expenses and food. That would be $837.50 in New York City.

health care co-pay

What does health care co-pay have to do with anything? It is just like the adult diaper I discussed before. It does not pave the roads, pay for welfare, judiciary, military etc. It pays for a service. That service is not unlike a service one can purchase from a working girl.

OTOH, you have not mentioned the nickel and dime taxes / fees / annoyances that New York State hides from people, yet these still need to be paid by New York State residents.

Joe
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