|
And to the extent that payments under Social Security and Medicare are considered as part of the budget that must be cut, payroll taxes toward Social Security and Medicare should be considered income taxes as well. When that is considered, the portion of folks who don't pay income tax shrinks considerably. A considerable portion of the others who don't pay income taxes are those who are collecting the benefits to which they contributed for their entire working life. Sorry of that is off topic, but it irks me every time I see someone mention that half of the people don't pay income tax. It just is not true.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
|