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


To: Tenchusatsu who wrote (396646)7/7/2008 3:18:08 PM
From: Road Walker  Read Replies (1) | Respond to of 1575725
 
His proposal to lift the FICA cap (except for the curious "donut hole" between $100K and $250K) would essentially be a tax hike to the tune of 12.5 percentage points.

No. First it's only on salary. Second there is the mysterious "donut hole" which lowers the rate.

As for Obama, I don't consider making the progressive tax curve even sharper to be a "tax cut," even if I end up paying less taxes anyway

Well making it less progressive didn't work.