Re: Obama XVIII : Now with 100% more Gov't sponsored starvation
And outside of payroll taxes, most people pay very little to the federal government. That is why there is typically such widespread support for expanding social spending since tens of millions of people won't have to pay a *'ing dime to cover its cost.
All you have to do is divide the amount of money paid in federal income taxes by your gross income and multiply by 100 - that will tell you what your real federal tax rate is (as opposed to getting bogged down in the BS of marginal rates).
Social Security has a funding problem, and we're lowering payroll taxes - yeah, that should work.I know you're being a snark, but January 1. Should get slightly more takehome pay thanks to the lowered SSI withholding
And outside of payroll taxes, most people pay very little to the federal government. That is why there is typically such widespread support for expanding social spending since tens of millions of people won't have to pay a *'ing dime to cover its cost.
All you have to do is divide the amount of money paid in federal income taxes by your gross income and multiply by 100 - that will tell you what your real federal tax rate is (as opposed to getting bogged down in the BS of marginal rates).
Last edited: