Skull Pilot
Diamond Member
- Nov 17, 2007
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Yeah you said that already.
So your point is that the single mom making $15,000 to support her kid should pay 20% tax on the first dollar of her income?
15% is more than enough IMO.
No she'd be paying 12.5% not 7.5% because her employer pays half of her SS tax
Sorry, I should have said "effectively paying." She is already effectively paying 15% (including medicare taxes) since the employer's part comes out in the form of lower salary; so your point is she should pay effectively 20% tax on the first dollar she makes?
you have absolutely no evidence that if an employer didn't have to pay the 7.5% for SS that the employee would receive a higher income.
this is about what a person actually pays,not what a person "effectively" pays