jwiest:"The fact of the matter is that is not true at all. As a proportion of income, the poor pay more in taxes. Not in income taxes, but all taxes. This started under Reagan, when the top rates were lowered, state and local communities had to scramble. Leaving out income taxes plays into a cynical ploy that they are separate issues, when the truth is the socio-economic-behavioral impact is based on the total burden. "THere you go again.We're talking about INCOME TAXES and tax rates. Not 'entitlement' programs to which you contribute!....don't change the subject. SS doesn't build bridges or infrastructure or provide for the national defense or fund the FDA so you have safe food and medicines!.....not a dime goes there. Nor does SS fund greenie energy projects, food stamps or anything else. The poor will get back more than 2/3rds of what they put into SS when they retire.....they'll get like 65% of their normal pay. The middle income folks will get back like 50%......and the upper middle class will be lucky to get back 30% of what they pay in. Remember, the government is 'investing' your SS dollars for you. Remember, SS and Medicare are not 'taxes'. They are contributions to your future use of them when you retire. That's what the democrats keep telling us, so it must be true! t.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<