Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Who Really Pays Taxes? -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (441)	8/18/2000 1:01:17 PM
From: Bill	Read Replies (1) \| Respond to of 666

Nope, no cap on medicare. Message 14236905

To: BWAC who wrote (441)	8/18/2000 1:09:04 PM
From: Lizzie Tudor	Respond to of 666

Thats what I said, 12K/year was rounding a little. The typical person that works for me makes about 95K or thereabouts maybe 80K salary and stock, every few years a stock option payout where they pay more in medicare taxes than their own health insurance premiums would cost them for multiple years. In California all the professional workers pay the max right out of school, since it is so expensive to live here. If you want to be specific though, ok 11,658 per year. That is A LOT. Compare that to what prior generations paid, I have done it, I know Les Horowitz has the figures. Its appaling. Now, back to the "lower incomes pay less and the only reason they want to change it is because they want a handout" argument. Does that apply here?