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To: goldworldnet who wrote (450269)10/11/2011 12:42:44 PM
From: Bill6 Recommendations  Read Replies (2) | Respond to of 793955
 
Any flat income tax plan will negatively affect the bottom 50%, who pay almost no income taxes. Furthermore, with the top 10% currently contributing 70% of income taxes, it's hard to devise any simplification which doesn't add taxes to the bottom 90%.



To: goldworldnet who wrote (450269)10/11/2011 12:44:04 PM
From: t4texas  Read Replies (2) | Respond to of 793955
 
all right. i am ignorant on the subject. what income taxes do retired people in the usa have to pay, and what, if any, is withheld from their social security checks? i know over 65 people get medicare premiums taken out of checks, but i don't know much more than that. i am looking for some concrete info on what retired people pay in taxes from govt. checks. i don't need info on their dividend or cap gains taxes. thanks.


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