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To: Vicomte13
Every wage earner pays a nearly 8% FLAT tax on his income: Social Security and Medicare. But the Social Security tax stops on compensation above $90,000. Why? And Medicare isn't imposed on the price uptick from executive stock options. Why not? And capital gains are taxed at 20%, but wages are taxed at 35%. Why?

Because SS benefits are capped out, and people in the highest tax brackets don't even qualify for Medicare. And capital gains taxes are capped out lower because the investor already paid income tax on the principal. And because investment, not taxation, is what creates jobs in the firstplace (and thereby more taxation).

Incidently, SS and medicare are not taxes.

And what are you doing here on FR?

43 posted on 11/21/2006 12:53:30 PM PST by presidio9 (Tagline Censored)
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To: presidio9
Incidently, SS and medicare are not taxes.

They're not ? You think they are an investment ?????

77 posted on 11/21/2006 1:15:52 PM PST by cinives (On some planets what I do is considered normal.)
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