Re: [OT] Another heated discussion about the Iraq siutation, war and politics.
No, I've said all all along that Social Security Tax is an income tax in disguise. People conveniently forget to include this tax when factoring in who pays what in this country.
If the social security tax were set aside I would most likely agree with you, but since it's being spent instead of being put in a "lock box" then it's an income tax - it's money taken out of your pay check based on income - it's being used to mask an even larger deficit - they can call it by any name they want but it's an income tax. Also we all pay federal taxes on gas, phone, etc and that wasn't cut either.
Seasonal workers pay Social Security Tax Too - and I am still not getting how 42% is not the largest percentage by far.
Most (I don't know the exact figure - this is an assumption on my part) people don't have children and it's only a $400 credit increase. Also (I don't want to look up the exact # but if you make UNDER a certain amount your not entitled to the credit. That was one of the big political squabbles).
Speaking back to the article in question: if Bush really had wanted to help the workers of America he would have focused on the payroll tax and not on (I know this is a tired argument) the top 1%.
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