Socialism and welfare

iVillage Member
Registered: 04-24-2008
Socialism and welfare
363
Tue, 10-21-2008 - 6:29am

Why is it a tax cut when McCain cuts taxes?

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iVillage Member
Registered: 10-02-2008
Wed, 10-22-2008 - 2:54pm

KAREN

iVillage Member
Registered: 09-08-2006
Wed, 10-22-2008 - 2:56pm

<>


The progressive system has been changed drastically over the years especially since the marginal rate dropped dramatically under Reagan while he raised the payroll tax to cover expenditures.

 

iVillage Member
Registered: 08-25-2008
Wed, 10-22-2008 - 2:57pm

sorry, you're wrong on that one.


If you do an actuarial computation of benefits relative to contributions, you'll see that Social Security is skewed towards those at the lower end of the wage scale.


For example, if you assume a common birth date of 1/1/54:


If you make $20,000 you get $10,512 annually - 52% of your salary


If you make $40,000 you get $15,840 annually - 40% of your salary


If you make $60,000 you get $21,168 annually - 35% of your salary


If you make $80,000 you get $24,324 annually - 30% of your salary


In all cases, you're paying in the same 6.2% of your salary each year.

iVillage Member
Registered: 09-08-2006
Wed, 10-22-2008 - 2:58pm

<>


How so?

 

iVillage Member
Registered: 05-07-2006
Wed, 10-22-2008 - 3:01pm

<<(maybe they are not into politics *wink)>>
What exactly do you mean by that?

I don't think anyone should get money above and beyond what they pay in, zero tax liability ok, no welfare please.




Photobucketstill right
choose live small town life is good
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nobama pro-woman typical white person







iVillage Member
Registered: 10-02-2008
Wed, 10-22-2008 - 3:03pm

"Did you choose to overlook the fact it said in 5 years?"


KAREN

iVillage Member
Registered: 08-25-2008
Wed, 10-22-2008 - 3:04pm
N.B. - Bill Clinton signed the welfare reform bill that was crafted by and passed by the republicans under the leadership of Newt...
iVillage Member
Registered: 12-18-2005
Wed, 10-22-2008 - 3:06pm

-Kristen

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iVillage Member
Registered: 09-08-2006
Wed, 10-22-2008 - 3:08pm
<

 

iVillage Member
Registered: 03-09-2007
Wed, 10-22-2008 - 3:11pm
"I didn't overlook anything, 5 years ago I was doing fine as were my family, friends and others in my area.
Jess


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