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To: woodbeez
Increases in payroll and income tax withholdings have happened and will have to continue to currently fund promised benefits.It is not a hypothetical
I guess you didn't hear about the Bush tax cuts.

How would a sales tax end funding "promised benefits"?

133 posted on 09/10/2005 9:08:08 AM PDT by lewislynn (Status quo today is the result of eliminating the previous status quo. Be careful what you wish for)
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To: lewislynn
You called my scenario hypothetical. I was merely pointing out it wasn't. It has actually happened. Check out the "reform" of SS in the 80s.
I guess you didn't hear about the Bush tax cuts.
I hope he pushes to make those tax cuts permanent and continues cutting taxes. Any income tax reduction would reduce the NST %.
How would a sales tax end funding "promised benefits"?.
It wouldn't. Social Security (as it is) remains the same. I'm all for reforming that too.
135 posted on 09/10/2005 6:41:59 PM PDT by woodbeez (There is nothing in socialism that a little age or a little money will not cure(W. Durant))
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