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

To: michael97123 who wrote (467743)	3/31/2009 4:25:06 PM
From: i-node	Respond to of 1575616

There is 12.5k. to me thats 1/4 if income going to pension, medicare, sales tax, health care co-pay, and a bit more for state and city minimum income taxes. The important point is that this money isn't going for THEIR pension and healthcare; it is going for the pension and health care of those who already retired. They are having to pay for THEIR retirement and health care on top of this. So, do you see why FDR/LBJ-styled programs are no good?

To: michael97123 who wrote (467743)	3/31/2009 4:26:13 PM
From: Road Walker	Respond to of 1575616

There is 12.5k. to me thats 1/4 if income going to pension, medicare, sales tax, health care co-pay, and a bit more for state and city minimum income taxes. Don't forget excise taxes. Cable, phone, Internet, cigarettes, beer, gasoline, toll roads.... you buy a gallon of gas and it doesn't matter if you make $10 Million or $20K you pay the same tax.

To: michael97123 who wrote (467743)	3/31/2009 4:42:55 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1575616

Michael, Fica/medicare stands as is. No one gets a fica refund and thats 14%. It seems you are unfamiliar with Earned Income Tax Credit. You are right about sales tax so cut that in half to lets say 4.5% or 2.5k. Even 2.5k is an overestimation. In highest sales tax county (New York City), it would mean they are paying sales taxes on $30k of purchases. In your first attempt, you had them paying $20k in taxes, which means they are paying sales tax on 100% of their income. I doubt a family with income of $50k has more $10,000k left after paying taxes, housing, health expenses and food. That would be $837.50 in New York City. health care co-pay What does health care co-pay have to do with anything? It is just like the adult diaper I discussed before. It does not pave the roads, pay for welfare, judiciary, military etc. It pays for a service. That service is not unlike a service one can purchase from a working girl. OTOH, you have not mentioned the nickel and dime taxes / fees / annoyances that New York State hides from people, yet these still need to be paid by New York State residents. Joe