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Politics : The Trump Presidency
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To: Steve Lokness who wrote (65167)4/7/2018 12:52:57 AM
From: i-node  Read Replies (2) of 362629
 
When FDR's administration and Congress designed the SS system, and later, LBJ's and Medicare, why do you think they didn't tax investment income, capital gains, etc., and taxed only the first little bit of wages (originally, the tax was 1% for each the employer and employee, on the first $3,000 in wages). Today, of course, the total tax is 15.3% on $128,000 of wages. But why not on investment income?
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