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Re: Does George Will Understand Social Security Taxes?

George Will's column in the current (May 5) issue of

> Newsweek contains a rather strange assertion. ...

It should be noted that George Will is a life-long fan of the Chicago Cubs. While that allow should not discredit him, he has written and stated that he thinks Bud Selig (better known as Bud Light and Commissioner Kevorkian) has been an excellent Commissioner of Baseball - an opinion not shared by any knowledgeable Baseball Researcher with whom I am acquainted.

The numerical accuracy of his comments is fairly meaningless. The Tax Code accuracy is somewhat startling since a two wage earner family making $100,000 in W-2 income will not pay more taxes if the FICA limit of $97,500 were to be eliminated.

Removing the FICA will result in an individual taxpayer who earns $200,000 per annum paying an additional $3,100 pre year and may have a positive impact on the longevity of the Social Security system.

Dick

Reply to
Dick Adams
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(SNIP)

Mr Will is a self described baseball "expert". His fellow scribes -- many of whom don't know the difference between a ball and a strike -- take him at his word and publicize his blather. The same can be said of much of his political bloviation.

Reply to
William Brenner

It will also likely cause changes to business plans to move more of that money into non-employment income, as the high tax payers most likely feel they are already carrying too much of the burden.

Reply to
123go

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