Re: Does George Will Understand Social Security Taxes?

Apr 29, 2008 1 Replies

Victor Roberts wrote: ...



Third, even if there was only one wage earner, he has
> conveniently over-calculated the additional tax by a factor
> of 2. He has used the total rate of 12.4% instead of the
> employee rate of 6.2%..

That part, at least, is _not_ a miscalculation. It's why they did what they did to hide the magnitude of the tax from the taxpayer, but it's a tax nonetheless.

Katie wrote: ...

Of the three, I'd suggest the first is _not_ the likely place... :)

It's the same argument that businesses pay taxes -- sure, sorta', but that money isn't money they printed for the purpose.

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