Run Hillary Run- bumper sticker thread

[wombat2u2004]

I am saying the current " tax system" especially the income tax, has removed so much you can write off ( except your mortgage payment) its not right. As far as which way to go- I am not sure.
I am not really sure how a bumper sticker thread turned into taxes- but it is interesting to read.

""I am not really sure how a bumper sticker thread turned into taxes- but it is interesting to read.""

Because lower income earners would pay more of a percentage of their income to buy a bumper sticker than those on a higher income ???? LOL
Wombat

[Edwina's Secretary]

FICA...which is retirement income, medicare, death and disablity payments is split into two pieces. The first part - retirement is 6.2% on income up to a maximum of around $95,000 (it goes up every year) and 1.45% for medicare. That totals 7.65%. Your employer matches that contribution and pays exactly the same dollar amount on your behalf.

Unless you are self-employed as I am. I pay 15.3%.

Most people pay around 25% of their income in federal taxes.