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To: Shout Bits
Because FICA taxes are one of the few income taxes that most Americans actually pay, .....

What this author is revealing is the big secret among Democrats. Their constituency DOES NOT PAY FEDERAL INCOME TAX! They may get stuck with payroll taxes (Medicare and OSADI)but they get virtually ALL of their paychecks after that bite.

15 posted on 12/05/2011 11:58:19 AM PST by Gaffer
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To: Gaffer
Their constituency DOES NOT PAY FEDERAL INCOME TAX! They may get stuck with payroll taxes (Medicare and OSADI)but they get virtually ALL of their paychecks after that bite.

The lowest 20% of taxpayers get credits like the EITC, which effectively refunds their FICA and Medicare taxes. Their total federal tax rate in 2007 was 0.8% -- that's for all forms of federal taxes: income, excise, and social insurance.

25 posted on 12/05/2011 1:00:59 PM PST by justlurking (The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
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