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Joined: Mar 2005
Posts: 3,639
Top 100 Poster
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Top 100 Poster
Joined: Mar 2005
Posts: 3,639 |
If you are a working stiff, you pay 6.2% of your earnings to the payroll tax plus 1.45% tax for Medicare. Your employer pays the same so each pay 7.65 percent. If your employer didn't pay his portion, he could pay you 7.65% more than he does so you really pay both parts. So if you are so unlucky as to have to work for a living, you pay the Federal government 15.3% of everything you earn before you pay a cent of federal or State income tax. There are no loopholes, no exemptions, no nothing- you will pay. If you make more than about $110,000 per year, you don't have to pay that tax on earning over $110,000. The payroll tax is a tax on the poor- no two ways about it. Do you want real reform? Then how about making wealthy taxpayers and corporations pay this tax without the present limits. Oh, but you say a corporation isn't a human being. Yes, it gets all the benefits of a person, so tax the son-of-a-bitch just like the rest of us.
"Imagination is more important than knowledge." - Albert Einstein
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