Tom is right in a way that conservatives have been wanting for a long
time, but Mike is wrong--it's everybody's money except the wealthiest
people who remain mostly untaxed. Social Security and Medicare are flat
taxes, no exceptions, just what they love. However, there's a huge
exception that needs to be corrected. Conservatives can have their flat
tax, and everybody gets to pay tax on all of their income--no loopholes.
I think it's now a combined 15% tax [7-1/2% each for employer and
employee, or all 15% for self-employed]. By increasing the ceiling to
include all income over $100,000 too, the tax could be lowered, both
Social Security and Medicare will be solvent long into the future, and
the conservatives will get their wish for a flat tax that's lower than
it is now. Works for everyone.
Brilliant! Socialism is great till you run out of everyone elses money.
>
>> If gov't programs aren't supposed to make money, can we at least ask they
>> don't LOSE so much?
>>
>
> Simple. Just raise taxes.
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