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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (84750)	10/31/2000 6:48:23 PM
From: Skeeter Bug	Respond to of 132070

tim, you forgot to add that the govt can, and has, continued to raise ss taxes. higher %s, higher limits. sure, some think ss is great at 15% of their income. what about 20% b/c that is where we are headed. what about 25%? oh, and remember you get income taxed on the ss tax, if i recall correctly. nothing like double taxation to warm the cackles of one's heart! ;-) what a grrrreat system. why should a guy making $6.50 an hour pay 15% marginal ss tax while bill gates pays either nothing ot 1 or 2% on his marginal dollar? again, what a grrrreat system. very regressive taxation on a shaky intellectual foundation. actually illegal if you or i tried to set one up at work.