Quote Originally Posted by Pembroke_Corgi
You know, if rich people were taxed like the rest of us, it would be fair, but they pay a MUCH smaller percetage of their income in taxes. When I get my paycheck 22% is gone just from SS, Medicare, fed & state taxes. Rich people do not pay that much!

For example, you are taxed for SS only on your first $88,000 or so...which means someone pulling in $500,000 per year pays SS tax on only 17% of their income! This places an unfair burden on the working class, and the Bush administration only worsens it by giving the obsenely weathly further breaks.

Totally agree with you. It's a fact that I meant to comment on also.
The fallacy that the rich pay their fair portion of taxes is bogus at best.
They have better tax lawyers & have a better selection of loopholes to
avoid paying much, if anything.