Ummm... HEY Kerry that sure is a REALLLL good idea, yessirree...
BTW- didn't you guys kill some innocent vietnamese villagers when you were over there...?
The part in BOLD is the longest-running lie in the history of America. Your employer does NOT pay "his share" of your SS. YOU pay it. Because your stated "salary" is not how much you really make.
You "make" what it costs the employer to have you on the payroll. You may THINK you make $40,000 a year, but you REALLY make about $50,000. Because that's how much it costs an employer to "pay you $40,000." Doubt me? Go to your boss and ask to see "your line in the personnel budget." That line will be a dollar figure, and that dollar figure is how much you are really making.
Now. Out of that dollar figure, YOU are paying 100% of every last deduction taken out of your paycheck. You pay 100% of your SS/Mediscare, 100% of your health care, 100% of your pension/IRA/401K, 100% of your income taxes.
If you don't believe me, open up a business and hire some help. You will quickly learn how much you are REALLY paying your employees. And, if you're an employee, that's how much you're REALLY making.
Michael
Two notes here:
1. In 2000, the top 1% of taxpayers paid 37.4% of all income taxes.
2. The CTJ's claim that 52% of the 2001-2010 tax cuts will go to the top 1% is false. Here's why: The top 1% of taxpayers will comprise a different group from one year to the next, so that the benefits will accrue to many individuals who in one year might only be in the top 10% or the top 25%, or anywhere else on the scale, depending on a given year's income.
Static Analysis is the Liberal policy analysts' best friend.