To: Cincinatus' Wife
.....one-year cut in the Social Security payroll tax, which
is a disproportionate burden on low-income people. At a cost of $140 billion, the Roundtable's plan would provide $620 to almost every wage earner.
If you cut $620 for every wage earner does that mean the employer will have $620 less payroll tax as well (matching payment)?
Will people subject to the "Self-Employment tax get to keep an extra $1,240?
To: Mike Darancette
I guarrantee that the final "rebate" will only be apply to those making $50,000 or under. It will also be effective just before the 2004 election.
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