Quote:
Originally Posted by RCCCB
The wealthier people who are the top 1% probably at this point pay 80% of the payroll taxes.
They really believe it is productive to get the top 1% paying 90%?
Sounds retarded to me.
It was learned under Reagan that with a top rate of 28% (which is 7%) lower than it is now, you'd get doubled income into the treasury.
Problem then as it is now is if you get a new dollar into the basket, the Democrats will increase spending by $2.
People someday have to throw all the non-fiscal conservatives out of the Democrat party and the lesser ones in the Republican party as well.
There isn't enough OTHER PEOPLE'S money in the world to pay for anything to the levels these jokers want.
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Payroll taxes are applied to the first 75K ( last I heard) an employee earns. Beyond that amount, no more earned income is taxed.
AND, government budgets are entirely different from a household budget. Entirely different rules apply. Ask an honest economist who isn't invested in keeping the average American ignorant and misinformed.