Thread: President Bush
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Old 04-23-2004, 07:46 PM   #38
mustardjohn
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Location: Orange, TX
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When you calculate the % take out the social security and medicare thoes are "pay roll" taxes not income tax. I think you will find after taking those out your percentage goes down. Unless you are making $200k+/year you are not paying 29%. If you are, you need to get a new person to figure your income taxes.

Pay roll taxes are not income taxes. Giving folks a break on those is how the Dems give "income" taxe returns to people that don't pay income tax.

If you are making 70k to 100k, you might be paying 20% income tax, maybe.

People making $200k are paying the payroll tax plus 28% income tax. If they are getting paid a salary, there is no way to hide it from the IRS. It gets paid (withdrawn). You can lie about deductions and get it back but the penalties are substantial if you get caught.

Also, why should the people that have the money give it to those that don't have it? Because the ones that don't have it want it? Thats cool. That is what I hear you saying when you say the rich should pay more.
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