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#11
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NOYB wrote:
Social security and medicare are the only *fair* taxes...'cause the rate is the same for all income levels. Not when considered as a percentage of total income. SS cuts off at $80-some k. For a lot of people, the SS pain in the butt disappears fairly early in the year (although the employer's contribution continues). Most of the working poor will *never* see a paychek without a deduction for SS. I understand that there is some equity because benefits for higher income wage earners are also capped, but it is inaccurate to say that the rate is the same for all workers. |