To: CSM
Is the 23% number mentioned here revenue neutral with income tax and SS/medicare eliminated?
To: Straight Vermonter
Is the 23% number mentioned here revenue neutral with income tax and SS/medicare eliminated? Yes. Without SS/medicare, the revenue-neutral rate is 14.91%.
32 posted on
08/03/2004 9:44:30 AM PDT by
kevkrom
(My handle is "kevkrom", and I approved this post.)
To: Straight Vermonter
No, it is with SS & medicare included. That way those on them are still able to get it, while others can invest in their own futures with the freed up money.
45 posted on
08/03/2004 10:09:30 AM PDT by
looscnnn
("Live free or die; death is not the worst of evils" Gen. John Stark 1809)
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