Reply #6: And those social security taxes, not paid on higher incomes, are [View All]

[indepat]

subject to income tax in the year paid. So we put a payroll tax on lower incomes, make that tax subject to income tax, Excuse higher incomes from that tax, then renege on promised benefits so the most affluent won't have to send as large a percentage of their income to Uncle Sam as do lower-income people. By golly, I think I got it. This issue alone should be sufficient for every Democrat in the House and the Senate to censure Greenspan and for everyone in public office who concurs to be voted out of office. But what do I know?