SI
SI
discoversearch

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.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Schuh who wrote (125415)10/5/2000 6:11:43 PM
From: Jim McMannis  Read Replies (1) | Respond to of 1570184
 
RE:"Since SS taxes take in about as much revenue as income taxes, saying the top 10% pay 90% of taxes is dubious. Of course, most grand political pronouncements here are dubious, so what the heck."

The more you make the more in SS you pay don't you?
So you are saying the top 10% should pay 90% of the SS taxes?
Should the "rich" pay a higher "rate" on gasoline? Sales tax?

I guess it's better to strive to be poor and let others pick up the tab, eh? Worked in Russia... for a while...
Property tax?



To: Daniel Schuh who wrote (125415)10/6/2000 12:46:59 AM
From: Joe NYC  Read Replies (2) | Respond to of 1570184
 
Dan,

Since SS taxes take in about as much revenue as income taxes

Here are government collections for 1998 as a percentage of total collections.


Individual income tax                      50.0%
Employee portion of Social Security taxes  16.8%


Of course, most grand political pronouncements here are dubious, so what the heck.

True.

Joe

PS: Social Security is not really a tax. It is an old age and disability insurance.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News