fica

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    FICA

    Proposed reduction of payroll-based taxes. FICA, the Federal Income Contributions Act's taxes upon payrolls, is the most regressive of all federal taxes. It's substantially financially detrimental to lower income employees' and their families, particularly those of the working-poor. Payroll...
    • Supposn
    • Thread
    • fica payrolls regressive tax social security taxes working-poor
    • Replies: 31
    • Forum: Economy
  2. S

    A populist tax proposal

    A populist tax proposal. Refer to federal revenue sources pie graph - Google Search Sources of federal government’s revenues, 3-year average 2009 – 2011. 44.21% Individual income taxes. 39% Social Security taxes, (employees and employers each pay 7.65% of payroll based taxes). 8% Corporate...
    • Supposn
    • Thread
    • corporate fica income tax regressive taxes tax revenue
    • Replies: 3
    • Forum: Economy

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