John wrote:
"BAR" wrote in message
...
Don White wrote:
"BAR" wrote in message
. ..
Eisboch wrote:
by Obama.

Eisboch
The man is dangerous.

Hee hee! You just might have to share some of that big income you boast
about with unfortunate Americans.
I share enough of it already, the effective tax rate is something like 54%


Then you are obviously in the upper middle class range.
Due to the regressive nature of SS tax, the highest tax rate is right at the
SS cap. After you go over that your tax rate starts to go back down,
slowly, but the rate does go down.
That is why I think they should eliminate the SS cap - then it would be the
first true flat tax.




I agree...every damned dollar of income should be subject to SS taxation.