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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (77050)9/3/2006 9:37:11 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 173976
 
Nice try at confusion but those are income tax rates. SS taxes are on top of those rates.



To: longnshort who wrote (77050)9/4/2006 9:37:18 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 173976
 
A self employed person earning $31,000 would pay 25% income tax plus 15% SS tax for a total of 40% on only $31,000 of income. That is onerous.