All that does need including. He pays a fraction of his income for it compared to her.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Good luck getting the liars and shills to ever admit this .

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-Nate
1982 240D 408,XXX miles
Ignorance is the mother of suspicion and fear is the father

I did then what I knew how to do ~ now that I know better I do better

You know, I bet Buffet included SS and medicare when he calculated his own tax rate. So I'm sure it's apples and apples.

There was no "trump tax cut" for mere mortals. For the commoners all that happened was their withholding was repacked into their weekly paychecks. Biggest raise they every got. So sad.

The effective tax rates calculated by the Berkeley study are reasonably accurate. If you want to be as stupid as Forbes or the conservative think tanks, you can observe that the study didn't reflect earned income credit. We should probably check into popular billionaire hardship perks like carried interest, and see if those were included. If we keep following those kinds of tangents, we'll never have to discuss the thorny problem of rapacious wealth accumulation.

OASDI and Medicare are technically mandatory insurance premiums, not income taxes, and they're levied only on earned income. Almost all of Buffet's income is "unearned." He does pay himself a salary of about $100k/year, which he pays OASDI and Medicare taxes on. Buffet pays roughly the same OASDI and Medicare premiums as his secretary, and he receives roughly the same OASDI and Medicare benefits as his secretary. That seams roughly fair to me.

Wealth accumulation is not a "thorny problem," unless you're a militant socialist who wants a nation of peasants who are dependent on government for their survival, and therefore grateful for and obedient to said government.

another way

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1999 w140, quit voting to old, and to old to fight, a god damned veteran, deutschland deutschland uber alles uber alles in der welt

I hope you don't believe that meme. Please tell me that should have been posted in the thread about political humor.

Pretty sure it is a tax. I bet somewhere along the line the SCOTUS said so too.

It works like a tax, the Congress can change the tax rate and the payments whenever they want, it is a tax. It is a payroll tax, not a sales tax, not an income tax, not an excise tax, but it is a tax.

Everybody calls it a tax.

The newest tax on every American has two components. . Is the tariff on goods from China. Tariffs are to protect the home market manufactures.

That tariff protects none to my knowledge or such an insignifigant amount. It has to be considered a very broad based tax. Even Trump stated he was impressed with the amount flowing into the treasury from it.

The second component is the huge markups on most Chinese goods sold in north America. These markups are based on their cost. So a nominal fifteen percent increase at cost. Is really a lot of money at retail. So to me that tarrif also enriched retailers.

Retailers other than the massive chains are being driven out of business. People basically window shop them and order the identical item off the internet from suppliers with no overhead.

A smart internet sales operation would even engage drop shipping. I already see this where you order from an American source and the item is shipped to you from China.

Medicare is more of a tax, because you pay a fixed rate on all earned income, and Buffet's Medicare benefits are the same as some peasant who made $15k/year their whole life.

But, OASDI is more of an insurance premium, in that your maximum payment is capped, and your benefits are based on how much you paid in.

You have rights with insurance that you don’t get with SS. They can change SS tomorrow after you have paid in for forty years. Can’t do that with insurance.