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To: mdittmar
"For starters, about 30 million of the poorest households pay neither income taxes nor Social Security or Medicare levies....And you are adding both a 9 percent sales tax and 9 percent income tax. So we know they will be worse off”

That makes no flippin' sense. They don't pay income tax but adding a 9% income tax makes them worse off. Huh?

13 posted on 10/13/2011 6:26:43 PM PDT by Bloody Sam Roberts (Attacking Wall Street because you're jobless is like burning down Whole Foods because you're hungry.)
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To: Bloody Sam Roberts

Allow a deduction for everyone for an amount equivalent to the poverty level.


19 posted on 10/13/2011 6:32:32 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Bloody Sam Roberts

Lots of reitired people don’t pay payroll tax because they aren’t working, they are living off Soicial Security, investments, maybe withdrawling from IRAs and 401Ks. A lot don’t have enough income to owe much in taxes after deductions. Under Cain’s plan they pay 18%, including 9% on money they already paid income tax on.


27 posted on 10/13/2011 6:36:55 PM PDT by Hugin ("A man'll usually tell you his bad intentions if you listen and let yourself hear it"--- Open Range)
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To: Bloody Sam Roberts
That makes no flippin' sense.

You are right. Anybody who is working legally is paying Social Security and Medicare taxes, as is their employer. Whoever wrote the article is either clue-free, or is admitting that nobody in the poorest 30 million households works, or rather works legally.

And even the self employed poor should be paying FICA and Medicare at like 15%, although some probably don't.

I think it is wise to have a yearly income limit below which no taxes are due. Otherwise you end up with kids having to file a tax return because they made $200 shoveling snow for the neighbors.

49 posted on 10/13/2011 6:59:35 PM PDT by freeandfreezing
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