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Originally posted by NY Madman:
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Originally posted by Mobycat:

[b]Uh no. Look at the figures that were posted by Desert Rat. 5.63%. Not 20%. Maybe 20% of the WEALTH. But not 20% of the FILERS.
I don't know where the figures come from, but there are more than 5.6% of taxpayers earning more than $97,000 a year.
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From the census bureau.

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Besides...we aren't talking about income tax. We're talking about Social Security - which is NOT a fair tax in the least (regardless of whether you like SS or not).
When you are talking about SS taxes, you are basically talking about a payroll tax based on income. Half paid by you and half paid by the employer.

I have my own opinions of the payroll taxes like social security, but what do you mean by it not being fair? Not fair to whom?[/b]
[/quote][/qb]

Not fair to lower income. If people want a "fair tax," then let's do it across the board.

Some will say income tax is not fair to higher incomes - since they pay a higher percentage. But Social Security is the exact opposite - lower income people pay a higher percentage than high income.
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"Nature has constituted utility to man the standard and test of virtue. Men living in different countries, under different circumstances, different habits and regimens, may have different utilities; the same act, therefore, may be useful and consequently virtuous in one country which is injurious and vicious in another differently circumstanced" - Thomas Jefferson, moral relativist