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U.S. Elections Thread (n/t) by merlin2008-10-21 09:37:35
  Is it an "income tax cut" or a "payroll tax cut"? by merlin2008-10-21 09:38:24
    *blink blink* wow, that's rather stupid by Freakazoid2008-10-21 09:56:14
      If you actually read the editorial... by esbita2008-10-21 09:59:06
        That's why he wants to rack up the taxes by merlin2008-10-21 10:01:45
          More to the point... by jdelphiki2008-10-21 10:48:29
            One thing I don't quite understand. by Peace_man2008-10-21 11:14:27
              Slight clarification... by jdelphiki2008-10-21 12:41:31
                Earn more than what? by Peace_man2008-10-21 13:27:44
                  The point is this gives the worker MORE THAN by merlin2008-10-21 13:32:09
                    Question: by DesiredUsername2008-10-21 13:53:05
                      It all depends on which of the various by merlin 2008-10-21 13:55:05
tax credits you qualify for. Most of them are "refundable" which means anything above and beyond your income tax burden can be sent back to you.

If that then goes above your SS Tax burden as well, then you just made out like a bandit.

Also, keep in mind the fact that low wage earners earn future SS benefits at a rate HIGHER than they contribute. Once you factor that in, then yes, it's more money.
[ Reply ]
                        But I don't think you can 'factor that in'. by DesiredUsername2008-10-21 14:32:43
                          Oh, I'll agree that I have overall issues with SS by merlin2008-10-21 15:07:35

 

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