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F. George McDuffee F. George McDuffee is offline
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Default OT some insight on real individual tax rates and zipcodes

On Wed, 23 Feb 2011 03:32:00 -0800, Rich Grise
wrote:

F. George McDuffee wrote:

an average adjusted gross income of $1.17 million and an
effective federal tax rate of just 14%. That, Sullivan
observes in a blog post here, is a lot lower tax rate than
the Helmsley building janitors likely paid, when Social
Security and Medicare payroll tax rates are figured in.


"Likely?"
Got numbers, or are you just weaseling?

Read the article

"When you figure in SS and MC?" Howcome you didn't
"figure in" the SS and MC rate for the "rich" guy?

Remember Social Security and Medicare taxes are currently
capped at the first 106,800$ of annual earned income.
http://www.ssa.gov/oact/cola/cbb.html
Raising or eliminating this cap is one of the measures being
considered to eliminate the projected SS shortfall.

Just more weaseling? Fudging the numbers to spread your
socialist propaganda?

feh.
Rich


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).