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To: FredZarguna
No, they're not. The FICA holiday is ending. There isn't anything "going up."

If one accepts that rationale, then the Bush Tax Holiday is ending. There isn't anything "going up." I don't think that logic will find a lot of acceptance in these parts.

75 posted on 12/08/2012 10:19:51 AM PST by Gunslingr3
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To: Gunslingr3
Since FICA is one of the few aspects of US Tax Law that's actually "fair" -- everyone pays the same rate and there are no deductions, loopholes, or gimmicks -- and since it is a direct payment for later disbursal I'm not sure why anyone in "these parts" would be against it. Anyone who is, is a fool: It's the only federal income based tax that the 47% pays.

The FICA holiday isn't a tax cut. It's people not paying into the federal insurance programs from which they're expecting a payout at a later date. Before you tell me that it a) isn't insurance and b) is never going to be paid, stop wasting both of our time. The federal government DEFINES it as a federal insurance program. That's what the letters in FICA stand for. The fact that it's eventually going to be broke is immaterial to the fact that it's one way that the 47% are forced to contribute to America. You aren't going to get the 47% to put up money to fund the country any other way.

87 posted on 12/10/2012 11:03:22 PM PST by FredZarguna (Shut 'er down Clancy. She's pumpin' mud.)
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