In response to:

They Shoot Rich Guys, Don't They?

Chris1482 Wrote: Apr 17, 2012 10:33 AM
From what I can tell, in order to "prove" that rich guy's secretaries pay a higher rate than the rich do, liberals are adding the 15% FICA tax to the regular income tax. Not only was this never done before (since it's not an income tax), they are adding both the employers' and employees' contributions. Wasn't it liberals who worked so hard to convince us that anything the employer paid wasn't actually a tax?
Jack2894 Wrote: Apr 17, 2012 10:39 AM
You would be wrong in almost everyting you say. For one thing, they are not adding in 15% for FICA, but only 6.2%. They ARE pointing out that the vast majority of Americans pay 6.2% on their entire income into FICA while the very wealthy pay only a tiny fraction of that number. SOmeone earnign 10 million pays 1/100th of 1%. ALso, such a calculation has indeed been made before: I have been making it for more than 20 years: and it certainly is an income tax, given that its taken as a % of your income.

COnservatives simply have a problem with teh reality here, which 70% of Americans can see with perfect clarity.
GOOD OL' BAD GUY Wrote: Apr 17, 2012 11:37 AM


EVERY employee that pays ½ of the FICA tax out of their paycheck also pay the other ½ even if the employer writes the check. The fact that any taxes paid by an employer is a business expense. Any business expense reduces the funds available for salaries or wages. Not only that, the overall success of any company is diminished when business expenses, including taxes, are greater.

When opponents to SS ask Roosevelt how the costs would be covered, he explained that a 10-cent Dollar would solve the problem. Now that we have a 3 cent Dollar even Roosevelt would admit the system is unsustainable.

Charles SWVA Wrote: Apr 17, 2012 12:12 PM
You are partly wrong. The self-employed have to pay both ends of the FICA tax, plus medicare.

Why didn't you point out that someone earning 100 million only pays 1/1000 of 1%. Or,
Jack2894 Wrote: Apr 17, 2012 1:55 PM
Well, its quite a good point, actually.
Thanks for saying it for me.
GOOD OL' BAD GUY Wrote: Apr 17, 2012 5:12 PM

Pardon me if I’m a bit dense. It seems to me that when the cost of doing business, i.e., labor, materials, insurance, rent, advertising, utilities and last but not least TAXES, increase the money comes from somewhere. The list of ‘somewheres’ include decreased wage scales, decreased profit, fewer employee benefits or perhaps the worst is increase price for the product or service. In that case, the consumer is really the taxpayer. You can ignore the fact that there ain’t no free lunch. The least likely source would be decreased profits; if you have ever run a business you should understand the profits are the reason businesses exist.

President Barack Obama calls his proposed tax on millionaires the "Buffett rule," based on financier Warren Buffett's claim that he pays a lower tax rate than his secretary. Obama claims that the "Buffett rule" asks millionaires to "do their fair share" by paying the same income tax rate that middle-class families pay.

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