[Bernard]

I have pointed that out to some of my employees, that their income tax bill will go up 2-3,000 per year under Clinton income tax rates, PLUS the FICA tax. Chris Von Hollen on MTP says that "we need another year of continued payroll tax holidays".

We are approaching the point where there is no point in having any tax collections at all. Turbo Tax Timmy and Berhnake can just print more money and have fun,fun fun until Daddy takes the T-Bird away.

[kabar]

Yep, the SS payroll tax holiday coupled with the fact that SS has been running in the red since 2010 costs us $160 billion a year from the General Fund—more than the $100 billion they are trying to cut due to sequestration.