On Sun, Sep 7, 2008 at 6:05 AM, Dana wrote: > http://obama.3cdn.net/b7be3b7cd08e587dca_v852mv8ja.pdf
> So, offhand, I see that Robert's Puritan concern that someone who > isn't working will get $1000 is ill-founded, as the $1000 is a rebate > of the payroll tax. This is a good thing in my opinion; very-low-wage > workers like kids who work in fast food currently pay proportionately > more tax than the richest Americans. This also means that if you have > no income you get nothing. Puritan, that's funny, I'll have to save that one for later. If you have income and otherwise pay no taxes, you will still get that check. If you want to look at it from a policy perspective, what Obama is proposing is to shift the burden for Social Security and Medicare to the top tier of taxpayers by giving both a "rebate" to the people in the bottom tier and making the income above $250K subject to the payroll tax for people at the top. What that does is create a huge disincentive for people to make more than $250K in income. That's important, because it invites people to cheat to stay below the threshold, since we are, in effect, going to saddle them with an additional 11.5% in taxes on that income. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:268313 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
