Thread: for the people making 250k who are worrying about being taxed to death.
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Old 10-23-2008, 02:15 PM  
pocketkangaroo
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Join Date: Jan 2005
Location: Chicago, IL
Posts: 8,452
Quote:
Originally Posted by GatorB View Post
So? I like how supporters of the super rich act as if INCOME taxes are the ONLY taxes paid by people. Fact is a person making $1 mil a year pays only 2.07% of his income in FICA taxes while the guy making minimum wage pays 7.65%
It's actually a bigger gap because the rate is technically 15%. So the guy making minimum wage is paying 15% up front.
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