On Tue, 22 Feb 2005 11:17:45 -0600, Gruss Gott <[EMAIL PROTECTED]> wrote: > The Proposed Solution: Democrats > -------------------------------------------------- > Put a 3% - 4% tax on earning over $90,000, the current amount where SS > taxes stop. That is, today to cover SS, you pay about 12.4% income > tax up to $90,000/yr, but everything above that is exempt from the > 12.4%. > > This is very bad idea because it would kill the already terrible US > savings rate and cut take home pay. Further it would do nothing to > solve the root of the problem, it would only treat symptoms. >
How would this kill the savings rate? I'm not sure I follow the logic. -- G-mail must not realize I'm and anti-social nerd, it keeps telling me to "Invite 8 friends to Gmail" ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:148060 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
