"HK" wrote in message
m...
Eisboch wrote:

"HK" wrote in message
m...

I prefer removing the employee "caps" on all income for social security,
and using the proceeds to help fund social security, medicare and health
insurance.

If I recall correctly employers match dollar for dollar the social
security tax paid by employees.
Does your plan also include having the employer match the new, uncapped
tax?

Did I really have to ask?

My point is that although your idea has merit, there is a downside.
Small businesses may not be able to absorb even more taxes without having
a negative impact on their business, ability to grow or even maintain
their current employee levels.

Eisboch


I did say "remove the employee caps," right? That does not mean removing
the employer caps.

It was a legitimate question. Currently, employers match dollar for dollar
the employee SS tax contribution. If you remove the employee cap, by
default you remove the employer cap.
Can't be too careful with you tax and spend liberals, you know.

Eisboch

On Fri, 5 Jun 2009 04:55:45 -0400, "Eisboch"
wrote:


It was a legitimate question. Currently, employers match dollar for dollar
the employee SS tax contribution. If you remove the employee cap, by
default you remove the employer cap.
Can't be too careful with you tax and spend liberals, you know.


What's the cap now? Over $100k I think.
Check small business wages.
Here's one source.
http://www.inc.com/news/articles/2008/07/salaries.html
About $32k.
Might affect 1% of small business wage earners - if that.
So the guy making a million will add what 30 small business wage
earners add.
Maybe the boss will say "Hey, have to cut your salary 7% of everything
past $100k so my business doesn't suffer. So now you're only making
$937k."
Think the guy will quit because he's now kicking in only what 28 small
business wage earners are kicking in?
Might be a tremendous insult to him, thinking he is being devalued.
Not sure.

--Vic

"Vic Smith" wrote in message
...
On Fri, 5 Jun 2009 04:55:45 -0400, "Eisboch"
wrote:


It was a legitimate question. Currently, employers match dollar for
dollar
the employee SS tax contribution. If you remove the employee cap, by
default you remove the employer cap.
Can't be too careful with you tax and spend liberals, you know.


What's the cap now? Over $100k I think.
Check small business wages.
Here's one source.
http://www.inc.com/news/articles/2008/07/salaries.html
About $32k.
Might affect 1% of small business wage earners - if that.
So the guy making a million will add what 30 small business wage
earners add.
Maybe the boss will say "Hey, have to cut your salary 7% of everything
past $100k so my business doesn't suffer. So now you're only making
$937k."
Think the guy will quit because he's now kicking in only what 28 small
business wage earners are kicking in?
Might be a tremendous insult to him, thinking he is being devalued.
Not sure.

--Vic


It depends on the business. There are many small businesses with employees
that have salaries over 100K, particularly in high tech or engineering
fields.

Eisboch

Eisboch wrote:

"Vic Smith" wrote in message
...
On Fri, 5 Jun 2009 04:55:45 -0400, "Eisboch"
wrote:


It was a legitimate question. Currently, employers match dollar for
dollar
the employee SS tax contribution. If you remove the employee cap, by
default you remove the employer cap.
Can't be too careful with you tax and spend liberals, you know.


What's the cap now? Over $100k I think.
Check small business wages.
Here's one source.
http://www.inc.com/news/articles/2008/07/salaries.html
About $32k.
Might affect 1% of small business wage earners - if that.
So the guy making a million will add what 30 small business wage
earners add.
Maybe the boss will say "Hey, have to cut your salary 7% of everything
past $100k so my business doesn't suffer. So now you're only making
$937k."
Think the guy will quit because he's now kicking in only what 28 small
business wage earners are kicking in?
Might be a tremendous insult to him, thinking he is being devalued.
Not sure.

--Vic


It depends on the business. There are many small businesses with
employees that have salaries over 100K, particularly in high tech or
engineering fields.

What is the effect of a 2.5% increase in SS taxes on a large business?
All of the employees don't get a raise.

Democrats don't understand that once the juice is squeezed out of the
orange it is gone for everyone.

Vic Smith wrote:
On Fri, 5 Jun 2009 04:55:45 -0400, "Eisboch"
wrote:

It was a legitimate question. Currently, employers match dollar for dollar
the employee SS tax contribution. If you remove the employee cap, by
default you remove the employer cap.
Can't be too careful with you tax and spend liberals, you know.


What's the cap now? Over $100k I think.
Check small business wages.
Here's one source.
http://www.inc.com/news/articles/2008/07/salaries.html
About $32k.
Might affect 1% of small business wage earners - if that.
So the guy making a million will add what 30 small business wage
earners add.
Maybe the boss will say "Hey, have to cut your salary 7% of everything
past $100k so my business doesn't suffer. So now you're only making
$937k."
Think the guy will quit because he's now kicking in only what 28 small
business wage earners are kicking in?
Might be a tremendous insult to him, thinking he is being devalued.
Not sure.

--Vic







Yeah...he'll pick up and move to...Yemen.

Love that b.s. line the Repubs throw out..."tax and spend liberals."
It's more intellectually honest than what conservatives do..."spend, but
don't tax, and let the next generations pay for it." That was the credo
of Reagan and Bush II.

On Fri, 05 Jun 2009 07:56:58 -0400, HK wrote:



Yeah...he'll pick up and move to...Yemen.

Far as I know the true capitalist will move to one of two most
capitalist countries on earth.
Commie China or Somalia.
Problem with China is high progressive income tax rates and a
stiffer corporate tax rate. Not much regulation or labor law though.
Somalia it is.
Think somebody posted a youtube vid about that already.
Nice beaches.

--Vic

Vic Smith wrote:
On Fri, 05 Jun 2009 07:56:58 -0400, HK wrote:


Yeah...he'll pick up and move to...Yemen.

Far as I know the true capitalist will move to one of two most
capitalist countries on earth.
Commie China or Somalia.
Problem with China is high progressive income tax rates and a
stiffer corporate tax rate. Not much regulation or labor law though.
Somalia it is.
Think somebody posted a youtube vid about that already.
Nice beaches.

--Vic


And...the chance to play at pirate.

HK wrote:
Vic Smith wrote:
On Fri, 05 Jun 2009 07:56:58 -0400, HK wrote:


Yeah...he'll pick up and move to...Yemen.

Far as I know the true capitalist will move to one of two most
capitalist countries on earth.
Commie China or Somalia.
Problem with China is high progressive income tax rates and a
stiffer corporate tax rate. Not much regulation or labor law though.
Somalia it is.
Think somebody posted a youtube vid about that already.
Nice beaches.

--Vic


And...the chance to play at pirate.

Speaking of playing pirate. You should remove that silly pirate graphic
from your boat before someone blows you out of the water.

On Jun 5, 8:36*am, jim7 wrote:
HK wrote:
Vic Smith wrote:
On Fri, 05 Jun 2009 07:56:58 -0400, HK wrote:

Yeah...he'll pick up and move to...Yemen.

Far as I know the true capitalist will move to one of two most
capitalist countries on earth.
Commie China or Somalia.
Problem with China is high progressive income tax rates and a
stiffer corporate tax rate. *Not much regulation or labor law though..
Somalia it is.
Think somebody posted a youtube vid about that already.
Nice beaches.

--Vic *

And...the chance to play at pirate.

Speaking of playing pirate. You should remove that silly pirate graphic
from your boat before someone blows you out of the water.- Hide quoted text -

- Show quoted text -

I always thought that thing looked childish.

On Jun 5, 7:54*am, wrote:
On Jun 5, 8:36*am, jim7 wrote:



HK wrote:
Vic Smith wrote:
On Fri, 05 Jun 2009 07:56:58 -0400, HK wrote:

Yeah...he'll pick up and move to...Yemen.

Far as I know the true capitalist will move to one of two most
capitalist countries on earth.
Commie China or Somalia.
Problem with China is high progressive income tax rates and a
stiffer corporate tax rate. *Not much regulation or labor law though.
Somalia it is.
Think somebody posted a youtube vid about that already.
Nice beaches.

--Vic *

And...the chance to play at pirate.

Speaking of playing pirate. You should remove that silly pirate graphic
from your boat before someone blows you out of the water.- Hide quoted text -

- Show quoted text -

I always thought that thing looked childish.

*Looked?*