On Thu, 27 Nov 2008 10:22:50 -0800, "Jeff Strickland" <crwlr@[EMAIL PROTECTED]
>
wrote:
>
>"Michael Coburn" <mikcob@[EMAIL PROTECTED]
> wrote in message
>news:gglak2624tc@[EMAIL PROTECTED]
>> On Sun, 23 Nov 2008 09:29:06 -0800, Jeff Strickland wrote:
>>
>>> "Mason C" <masoncXXX@[EMAIL PROTECTED]
> wrote in message
>>> news:pt1hi4h184638pt40eu3olcrgfhnbc8kc5@[EMAIL PROTECTED]
>>>>
>>>> But we must keep trying....
>>>>
>>>>
>>> That was one weak-assed attempt at trying anything.
>>>
>>> Please address the salient point, should your wealthy neighbor pay
your
>>> retirement through FICA taxes?
>>
>> Most wealthy people don't pay FICA taxes.
>
>
>That is a complete load of ****.
>
>Everybody that is a wage earner (is paid on a W2) pays FICA on the first
>$78,000 of income, or whatever the cut off is these days.
>
>Everybody that is a 1099 employee pays FICA when they file income taxes.
>
>Everybody is either a W2 (or W4, I forget which and don't care because it
>doen't matter here) or a 1099 employee. Even the head of a multi-million
>dollar company is paid by a W2, and taxes are withheld. Consultants are
paid
>by a 1099. Only relatively low paid self-employed people escape these two
>forms of income re****ting.
"Most wealthy people don't pay FICA taxes." Isn't that true?
Most wealthy people do not have *wages* -- they are not "1099 employees."
OK. Let's suppose that's wrong.
But workers pay more FICA in pro****tion to their income. The FICA tax
is regressive. The FICA tax is trivial, meaningless, pocket change for
the
wealthy. The FICA tax is a killer for low-wage earners.
Suspend the FICA tax to stimulate the economy. It's a quick and
effective booster.
Mason Clark
*Greater America in the Age of Rebellion*
http://frontal-lobe.info/greateramerica.html
-- many excerpts you can see --
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