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To: Wyätt Gwyön who wrote (12870)8/21/2003 6:41:01 PM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
no, i am quite familiar with demagoguery when i read it.

you obviously conflate high income earners with the so called "idle rich" in your previous post..

and you need to understand just who those high income earners making more that 80,000 year are.

no, i am suggesting that the approximate 15% payroll (or self-employment tax for the self-employed)/FICA/Medicaid tax be applicable to all dollars of earned income, as well as unearned income. as it stands, there is a cutoff point around 80K for payroll/FICA, and higher (or maybe they eliminated it, i forget) for the lower-percentage Medicaid. this is a huge gift to high income earners, who avoid paying this 15% tax on the vast majority of their income (and on all of it for the rentier class with unearned income), while unfairly burdening the middle class and poor.

Message 19232136