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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (629167)	9/23/2011 12:20:48 PM
From: Tenchusatsu	Read Replies (2) of 1578510

Al, > Even if we assume that those funds would not end up as wages, it's still a drop in the bucket in comparison to the SS taxes avoided by highest wage earners, personal and employer alike... If you want to lift the FICA cap and disconnect the amount of SS taxes people pay into the system from the amount of SS benefits people get out of the system, that's a separate discussion. In any case, the fact that half of all SS taxes are paid by the employer is about as meaningless as the notion that corporations pay taxes. We all end up paying those taxes anyway. That's the fallacy (one of many) that Elizabeth Warren bases her manifesto on. > Said when the top 1% of earners have come to take home 25% of GDP...and growing. Adjusted gross income for the top 1% totalled $1.685 trillion. It's a lot of money, but nowhere near 25% of GDP: taxfoundation.org Either way, you want to claim that income is yours? You'd have a better chance claiming that most of Kobe Bryant's wealth belongs to the people. Or Steve Jobs. Or Mark Zuckerberg. Tenchusatsu

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