To: YaYa123
>>Everyone does NOT pay payroll taxes.
Everyone who gets a paycheck, pays payroll taxes...what is your point?
To: freeper12
Well, actually there are lots of people who don't pay any payroll taxes either. It's a little thing called the Earned Income Tax Credit and it is a refundable credit for people earning less than $30,000 but don't pay any income tax so they are refunded a portion of their payroll taxes through the tax credit...ie., they get a check even though they didn't pay any income taxes.
45 posted on
01/07/2003 11:32:40 AM PST by
Wphile
To: freeper12
Begala was saying "everyone pays payroll taxes" so, a payroll tax holiday, he said, is the only fair way to dole out a tax break to everyone. He's wrong...retired people don't pay payroll taxes. Hilarious that Begala would stupidly deny that huge voting block of retired people, a tax break. Even funnier because his recommendation would take money away from the untouchable social security lock box, that same sacred box democrats have vowed never to disturb.
83 posted on
01/07/2003 11:57:29 AM PST by
YaYa123
To: freeper12
>>Everyone does NOT pay payroll taxes. Everyone who gets a paycheck, pays payroll taxes...what is your point? You're wrong. I worked for the Feds for 11 years and paid no payroll taxes. I paid into the Civil Service Retirement Fund. Also, nobody in Congress pays payroll taxes on their congressional earnings. A lot of local governmental agencies also have their own retirement systems and they pay no social security taxes.
133 posted on
01/07/2003 12:29:17 PM PST by
MindyW
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