Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Schansblog (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

income taxes pound the rich; FICA taxes on income pound the working poor and middle class

Thursday, November 16, 2017 5:44

% of readers think this story is Fact. Add your two cents.

If we cut “income taxes”, then we’re probably going to “benefit the rich”, since they pay the vast bulk of those taxes.

It’s a shame that we can’t get DC to cut FICA taxes on income– or eliminate them for the working poor. Compared to “income taxes”, FICA taxes on income impose a larger burden on 80% of wage-earners– e.g., about $3,000 for households at the poverty line and $10,000 for households around the 60th percentile.

Maybe the GOP would not be interested. But we’ll never know, because Dems like to demagogue and score cheap political points on anything related to SS. If Dems were really champions of the WP&MC, they would have taken the lead on reforming FICA’s brutal impact on the WP&MC. The good news: their silence and complicity on this topic is the easiest of many ways to identify them as posers.

Source: http://schansblog.blogspot.com/2017/11/income-taxes-pound-rich-fica-taxes-on.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,605,671,642
Stories:	8,137,992