The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: Is your 401(k) Inadequate For Retirement||Date: 8/3/2008 12:18 AM|
|Author: ChurchyLaFemme||Number: 13777 of 19692|
I'm sure you'd want to apply that principle just as much to low income people as high income people, wouldn't you?
Nope. Low income people already pay enough in payroll taxes to be doubly burdened. As a matter of fact a 4 person household earning $30,000 will pay $2295 in payroll taxes and only $430 in income taxes using the standard deduction.
Being one of the better off, I have no desire to add any more burden to those who aren't as well off. Apparently, you think the poor should subsidize the rich.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|