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To: GraceZ who wrote (12860)8/21/2003 5:57:31 PM
From: Wyätt GwyönRead Replies (2) | Respond to of 306849
 
i didn't mean to insult you with the Rush statement. perhaps you were not aware of the similarities in your views. i can assure you that Rush thinks it's a grand thing that only the middle class and poor pay FICA/payroll on 100% of their incomes, and loves to characterize these funds as "contributions" instead of taxes. furthermore, he loves that the idle rich do not have to pay one penny of these taxes on their unearned income, and the working rich only pay it on a small portion. so excuse me if i took these similarities to your own views as suggestive that you were familiar with his fine program.

You aren't the only person who has tried to argue that 15.3% SS is more than the 35% marginal tax that the higher end tax payer pays on income not subject to SS. The schools in this country are really terrible and people can't add.

you shouldn't try to mischaracterize my argument, and then use that as a basis for a backhanded insult. this is poor debating sportsmanship.

instead, you should practice adding the FICA/payroll to the middle class taxpayer's marginal tax rate. you will find this number can exceed 35% at the marginal level, and easily exceeds the rentier class tax rate of 15%.



To: GraceZ who wrote (12860)8/21/2003 6:00:34 PM
From: the_wheelRespond to of 306849
 
How's Big Al doin'? Glad he gave up on the countin' votes job. He might be needed soon out west, gonna be a lot of countin' goin' on.

Are you the one that suggested he plant that big smackeroo on Tip at the convention?



To: GraceZ who wrote (12860)8/21/2003 6:31:13 PM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
The only way the American people would allow it is if it was limited to a income ceiling. The reasoning is that the benefits have a ceiling

this is poor reasoning. the benefits of government services to any individual taxpayer have an effective ceiling, but there is no limit on the amount of income tax paid. thus the same logic would allow the lapdogs of the rentier class to put a ceiling on income tax. forward this idea to the WSJ editorial page immediately!

Aside from that, driving the SS 12.3% portion to the last dollar of income would simply drive more of my clients to switch over to corporate form where they can limit their SS payments by taking most of their income in dividend form because it would make the extra accounting trouble far more profitable.

perhaps you didn't get what i said the first time: these taxes--SS, FICA, Medicaid, etc.--should all be applied to dividends as well as the income of the working rich. this is what is meant by "unearned income of the rentier class", so hopefully you understand the meaning now.

by forcing the working rich and the idle rich to pay for FICA/SS/Medicaid, just like the working poor whom they exploit, the overall rates of these taxes could be lowered. furthermore, the rates should be graduated, just as income taxes are. this will reduce the burden on the middle and lower classes, while increasing the burden on the rich.

If anyone should be pissing and moaning about SS it should be me considering I've been paying both halves as long as I've been working

you're not the only one.