It sucks that so many got a tax increase under the guise of tax cuts for the middle class. However, entitlement spending needs to be dealt with and implementing tax cuts on SS was a bad idea from the get go.
. On Fri, Jan 4, 2013 at 10:20 AM, Jerry Barnes <[email protected]> wrote: > > Just in case you haven't heard, most of us will be making move towards > paying our fair share in 2013. The FICA tax cuts implemented 2 years ago > expired. As a result, they rate will move from 4.2% back to 6.2%. I have > talked to several people and for them, this is about a 100 dollar decrease > in take home pay. Doing a quick calculation on my salary, this seemed to > be in the neighborhood. > > The nice thing is that no party is to blame. Neither party voted to > increase the rate. Of course, neither voted to stop the restoration. > Winning! > > Just a general question: Is FICA a progressive tax, or a regressive tax, > or neither? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:359630 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
