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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (312600)	11/27/2006 3:00:20 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1572673

CJ, > Social Security and Medicare stop at $90k. So depending on what your salary is, it may or may not be taxed with those taxes. Despite the viewpoint of many Californians, California and the federal government are two different entities. It doesn't matter. Every time someone proposes increasing taxes on the "rich," that person assumes that the "rich" represent a nearly limitless pool of money for the government to draw upon. It doesn't matter whether it's federal, state, or local taxes. The bottom line is what I see on my paycheck, and when the net amount grows much more slowly than the gross amount (which itself is limited to what my employer thinks is "fair market value" for engineers like myself), I can't help but feel anything BUT "rich." As for Social Security, I already called it for what it is: a regressive tax. Does that really make any sense, given the current state of Social Security? Tenchusatsu