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

To: stock leader who wrote (588)	1/6/2003 12:05:45 AM
From: angel	Read Replies (1) \| Respond to of 666

Here is a little clue -- life is unfair! Anyone telling you otherwise is trying to sell you something. Rich people deserve luxuries just like smarter people deserve to learn faster and healthier people deserve to live longer. This society is so obsessed with balancing each other's disadvantages that we are soon becoming just another socialist state. We are all born with different circumstances and all that should matter is to make the best you can out of your own set without stealing form others what is rightly theirs. What is wrong with a cap in Socialist Security? Have you ever wondered what percentage contribution payback wealthy folks get compared to others? Now that's a rip-off!

To: stock leader who wrote (588)	1/6/2003 2:21:21 PM
From: Logain Ablar	Respond to of 666

Oh and i guess you missed the fact that after about 90K in salary or self-employment income, rich folks no longer pay the 6.2% SS tax. I guess you conveniently missed that little snippet It was $84,900 last year. About two years ago I was @ a presentation where the presenter (from the ss administration) indicated the higher brackes can expect to receive around 20% of their salary in benefits (maxed out @ the top level of 84.9) and the lower income up to 70%. Now consider either beneficiary receives less than a 2% return on the funds contributed (employee and employer match). If we have a cut in this tax we should have a corresponding cut in beneifts as the funds will run out earlier than the projected 2035 (actually they don't run out but benefits would have to be reduced).