Quote:
Originally Posted by ZeroJunk
For most people FICA is more than income tax. It is a fixed rate. Somewhere close to 50% pay no net federal income tax at all.
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The thing that safes the above statement from falsity is the qualification that that portion pays on federal income tax at all. FICA is clearly a federal tax, but one based on earnings rather than income. It is among the most regressive taxes that we have, and a significant burden on the working poor.
I pay a lot more in other taxes than I do in FICA, but that is part of the consideration I pay under the Social Contract.
07-20-2017, 02:05 PM
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