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

To: bentway who wrote (394336)	6/26/2008 11:54:23 AM
From: longnshort	Read Replies (1) \| Respond to of 1579842

Buffet will just move into tax free bonds.

To: bentway who wrote (394336)	6/26/2008 11:57:18 AM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1579842

Chris, > No taxes for anyone making 50k or less, progressive taxes for all those above, including higher taxes on capital gains (Buffet). Cap removed from FICA. I thought the FICA cap turned into the "donut hole." Either way, if the FICA cap is removed (or the "donut hole" becomes reality), why not also exempt the first $50K of income from FICA? I mean, we've already destroyed the notion of Social Security as a forced savings plan. Why not go all the way and make it welfare for the elderly? Tenchusatsu