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Ed Huntress Ed Huntress is offline
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Default OT some insight on real individual tax rates and zipcodes


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On Feb 23, 8:55 pm, "Ed Huntress" wrote:


Nobody asked. And it had nothing to do with the claims being made.

The subject was Rich claiming that George was distorting the truth about
the
tax rates because of his "socialist agenda." But the fact is that George
was
right; the payroll tax/self-employment tax issue makes the relative tax
rates between the rich guy and the janitor even more lopsided.

--
Ed Huntress



I think that it is part of the discussion. If the janitor paid twice
the percentage of the rich man, but got a million dollars a year in
benefits. And the rich guy paid in more total dollars but got nothing
a year in benefits, I think even you would agree it was relevant.

It is like the woman that agree to have sex for a million dollars but
would not for $10. We are just discussing the price.

Benefits have to be considered when one says the relative rates are
lopsided. Yes they are, but the benefits are also lopsided in the
other direction. The benefits mitigate the fact that the relative
rates are lopsided.

Dan


The fairness of the program is a fair subject, Dan, but that wasn't what
Rich was addressing. He was claiming that George was distorting the actual
taxes by not including SS or Medicare. As I pointed out, including those
things makes the disparity even worse.

What's "fair" in SS depends on how long you live, for one thing. For
another, it's a philosophical question with no unequivocal answer.

--
Ed Huntress