Bush To Speak

[Pembroke_Corgi]

Ever think the Billionaires got back hundreds of thousands in tax cuts because they pay millions in taxes?

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.

[lizbud]

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.