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Politics : Electoral College 2000 - Ahead of the Curve -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (5129)	12/7/2000 11:52:44 AM
From: Oral Roberts	Read Replies (1) \| Respond to of 6710

The tax code needs an overhaul. Reminds me of one of favorite quotes. "The nation should have a tax system that looks like someone designed it on purpose." William Simon or "The taxpayer--that's someone who works for the federal government but doesn't have to take a civil service exam." Ronald Reagan Jeff

To: Ilaine who wrote (5129)	12/7/2000 12:02:57 PM
From: TraderGreg	Respond to of 6710

You are correct...but that home and the lifestyle you talk about is HIGHER than it was in the '50s. The Ward Cleaver home was typically ABOVE the average for the era. One would have to look at average tax% which would adjust for the inflation effects of 40+ years to determine the FED tax bite. FICA is probably an order of magnitude higher than it was in the late 50s. In fact, many 2 worker families pay more in FICA than FED income tax, assuming they have the normal amount of deductions and exemptions...and I'm not even counting the FICA portion that their employers paid, which theoretically are lost wages that could be passed through if no FICA existed. TG