On Mon, 01 Sep 2003 23:41:32 GMT, "NOYB" wrote:


"bb" wrote in message
.. .
On Mon, 01 Sep 2003 23:06:23 GMT, "NOYB" wrote:

Ahhh, it's a *regressive* tax then! How unfair! Perhaps we should
eliminate the phase out, but cut the income tax rate?


Ohhh, touchy. Sorry I pointed that out. What does the income tax
rate have to do with social security?

They're both federally imposed taxes, but one is a progressive tax, and the
other is flat up to a certain ceiling.

Social Security by definition a regressive tax.

Joe Parsons


If it's OK to have a flat rate for
social security, then we should have one for income tax. Did you notice on
your W-2 that pension plan contributions don't lower the amount of income
subject to FICA? Why do we have a progressive rate for Federal income tax,
but a flat tax for FICA?