"...the statutory rate for all three combined must be 23% (or whatever the rate ends up as in the bill) unless changed by Congress."Another pigdog lie. The only "statutory rate" after the first year is the 14.91% general revenue rate.
`(1) FOR 2007- In the calendar year 2007, the rate of tax is 23 percent of the gross payments for the taxable property or service.It's such a great plan you have to lie to cover up the lies about it.`(2) FOR YEARS AFTER 2007- For years after the calendar year 2007, the rate of tax is the combined Federal tax rate percentage (as defined in paragraph (3)) of the gross payments for the taxable property or service.
`(3) COMBINED FEDERAL TAX RATE PERCENTAGE- The combined Federal tax rate percentage is the sum of--
`(A) the general revenue rate (as defined in paragraph (4), and
`(B) the old-age, survivors and disability insurance rate, and
`(d) OLD-AGE, SURVIVORS AND DISABILITY INSURANCE RATE- The old-age, survivors and disability insurance rate shall be determined by the Social Security Administration. The old-age, survivors and disability insurance rate shall be that sales tax rate which is necessary to raise the same amount of revenue that would have been raised by imposing a 12.4 percent tax on the Social Security wage base (including self-employment income) as determined in accordance with chapter 21 of the Internal Revenue Code most recently in effect prior to the enactment of this Act. The rate shall be determined using actuarially sound methodology and announced at least 6 months prior to the beginning of the Calendar year for which it applies.
`(C) the hospital insurance rate.
`(e) HOSPITAL INSURANCE RATE- The hospital insurance rate shall be determined by the Social Security Administration. The hospital insurance rate shall be that sales tax rate which is necessary to raise the same amount of revenue that would have been raised by imposing a 2.9 percent tax on the Medicare wage base (including self-employment income) as determined in accordance with chapter 21 of the Internal Revenue Code most recently in effect prior to the enactment of this Act. The rate shall be determined using actuarially sound methodology and announced at least 6 months prior to the beginning of the calendar year for which it applies.
`(4) GENERAL REVENUE RATE- The general revenue rate shall be 14.91 percent.
You know pigdog has been abusing you for that 'lie' for a long time. It is very hard for pigdog to have to admit he was wrong and you were right. He would rather keep lying about it. It seems now he realizes he was wrong, he just won't admit it even if we pull his fingernails off with pliers.
Read #334, 351, & 368 and see if you can understand what is being said. There is no "lie" and your continual charges claiming that are foolish.