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Old 10-15-2007, 09:20 PM
Moseley Moseley is offline
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Join Date: Jun 2007
Posts: 394
Default Re: Ron Paul on taxation?

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There is no surplus. Payroll taxes are no different than other taxes; it all goes to the same place: building aircraft carriers and giving money to super old people.

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There is a huge difference between payroll taxes and social security taxes.
Payroll taxes are progressive, social security taxes are not.
Payroll taxes are taken from all of your wages, social security taxes apply to only your first 92k. So, people making 1 million a year, pay social security taxes on the first 10% of their earned income, while middle class workers pay social security taxes on 100% of their earned income.

Because of this inpropriety, and the fact that the social security surplus is a huge part of the total taxes, the middle income workers are being drained of their spendable income, as compared to the rich, and, it's the rich that benefit the most from a robust economy and the defense of this country, as their investments continue to double.

If the social security surplus wasn't used to offset the deficit, Bush would not have been able to give the rich and the oil companies those huge tax cuts.

Meanwhile, the riches 1%, earn 20% of all income in a year, while the bottom 50% earn 12%.
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