On Thu, 04 Aug 2011 15:40:59 -0400, Jack Stein
wrote:

On 8/4/2011 1:28 PM, Larry Blanchard wrote:
On Thu, 04 Aug 2011 09:42:50 -0400, Jack Stein wrote:

ie, the bottom 50% of wage
earners pay 2.7% of income taxes, the top 50% pay 97.3%.

That sounds great till you look at the other half of the statistics. The
bottom 50% have 13% of the income, the top 50% have 87%. If you add SS
taxes to that, the bottom half pay a higher percentage than the top half.

That sounds stupid! The bottom 50% has 50% of the wages? The top 50%
has the other 50%? If the bottom 50% had 13% of the income, they
wouldn't be the bottom 50% but the bottom 13%?

Jack, that's "50% of us, the low-wage earners, make only 13% of the
money and the top half make a whole lot more. The top half ends up
paying the bulk of income tax, dollarwise." Is that easier, cher?
(Whoooeee, dat smarts!)


As far as mandatory SS pension fund payments (SS Tax/Ponzi scheme) it is
currently a flat fee of 12-13% of income up to $106,000. Income above
106K is not subject to SS tax.

I like flat taxes,

I kinda do, too, but you know that they'd end up making us pay even
-more- than we are now, don't you? They would replace the IRS
clusterf*ck with an even better money-bringer so they could go spend
even more of our hard-earned money on useless crap. sigh

--
In the depth of winter, I finally learned
that within me there lay an invincible summer.
-- Albert Camus