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

To: J_F_Shepard who wrote (609381)	4/28/2011 10:25:03 PM
From: longnshort	Respond to of 1578348

so

To: J_F_Shepard who wrote (609381)	4/28/2011 11:32:51 PM
From: TimF	Read Replies (1) \| Respond to of 1578348

The top 400 have more income than 150,000,000 people in the nation. 1 - So what? 2 - Not really. The income stats generally exclude much, sometimes all public support which for people at the bottom can be extensive (esp. multiplied by many millions of people) A person with 1,000,000 income gets 9.17x more than the guy who earns 109k and pays exactly the same in payroll tax.... Yes. And the person who earns $1mil pays many more dollars in total federal taxes (state tax as well but I don't have specific data); and not just a larger amount, also a larger percentage. One specific tax doesn't matter as much as the total tax burden.

To: J_F_Shepard who wrote (609381)	4/29/2011 1:37:19 AM
From: i-node	Read Replies (1) \| Respond to of 1578348

>> A person with 1,000,000 income gets 9.17x more than the guy who earns 109k and pays exactly the same in payroll tax.... And will receive less net benefits "paid for" by that payroll tax. It is worth pointing out that these programs were designed that way from the outset, and the original wage base was limited the first $3,000 in income. If liberals are going to design these programs that are destined to go broke, you ought not be trying to change the rules when they do.