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Non-Tech : Let's end the national debt. -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (39)7/26/1999 12:45:00 PM
From: Fangorn  Read Replies (1) | Respond to of 109
 
Zeev,

You did ignore "all this" in the poat I was responding to, read it again if you don't think so.

What you call "employment taxes", i.e. Social Security and Medicare, are in fact premium payments for, admittedly crummy, retirement and and health insurance. They are not part of the Income Tax question at all. Throwing apples into a discussion of oranges, while a standard liberal stratagy, does nothing to advance the discussion of oranges.



To: Zeev Hed who wrote (39)7/26/1999 1:56:00 PM
From: Les H  Respond to of 109
 
A problem with the $ 34,000 personal exemption is that major geographical portions of the country would be exempt from taxes. Basically, people on the coasts or major cities would be paying the brunt of taxes.

As for the regressivity of the payroll taxes, the progressivity is in the benefits. The more you pay into SS, the less you get out of it proportionally.


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