OMB: Top 20% pay 95% of taxes, middle class 'single digits'

The Washington Examiner ^ | October 27th, 2017 | by Paul Bedard

[Honest Nigerian]

“FICA and Medicare taxes are income taxes,”
That’s a ludicrous assertion.
Both are capped.
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bullkrap. Go look up the definition of “ludicrous”

They are taxes on EARNED INCOME.
and there is NO CAP on Medicare tax. 2.9% Medicare tax for all earned income. So a million dollar W-2 earner pays $14,500 of Medicare tax (after capping out on the SS portion) and employer matches it.

Been waiting for years to see when they crack down on S-corp payroll tax dodge. Surprised the Dems aren’t ready to pick that plum yet. But there must be some “follow the money” reasons that I have not figured out

[SandwicheGuy]

What you said. I firmly believe taxes should be like a tithe, everyone gives 10 % of their income, from any source. This progressive tax is really quite horrible. And it could be tied to voting, pay no tax, no voice.

But just as it is hard to feel on the team if you don't get a uniform, it is the same for taxes, hard to feel like the rest of Americans if you don't pay. We are all Americans, and we all support our government. Is it not a proportionate thing, some support more than others, and that is the way it is now.

[SandwicheGuy]

“FICA and Medicare taxes are income taxes,”

That’s a ludicrous assertion.

Both are capped.

I thought you were a reasonable guy, what happened to you? What is just said is an oxymoron, you say money collected by the government from individuals is not a tax, which it clearly is, because some pay more than others. What?

And you comment on a previous post, that people in low state tax states want the people in high state tax states to suffer, is backwards. Those people in low tax states don't want to pay tax to the federal government for redistribution to those in high state tax states to alleviate their tax burden. Those people in high state tax states voted for politicians who taxed them exorbitantly... Why should other states subsidize them? Hmmm?

[xzins]

My sense is that thw president himself is smart. He knows what is rational and what isn’t.

We’ll see.

There’s always the possibility they never wanted to change taxes so the plan is to offer something that will never pass.

[sheana]

Hubby and I are retired and solid upper middle class Californians. None of our retirement income is protected and is taxed just like regular income. We always expect to get screwed whether it’s Democrats or Republicans doing it.