Tuesday, March 02, 2004

CRIB NOTES ON THE PAYROLL TAX:

*No matter what, everyone pays payroll tax until you make $85,000 a year.
*After that first $85k, the rest of your income is (payroll) tax free.

what does that mean? we let the majority of the MONEY MAKERS in this country get by with a cheaper contribution to Social SecuritY (as a percentage of your income). THIS is how you fix social security. you quit giving the rich a free ride when most every other american has to pay in a full cut.

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