Tuesday, March 15, 2005

To Trump Bush on Taxes (washingtonpost.com)

If the payroll tax of 12.4% is insufficient to meet the projected benefits, how does eliminating half of it (6.2%) make this insufficiency disappear?

"The vast majority of households with incomes under $200,000...a tax cut in the neighborhood of $600...or more."

Aren't the vast majority of households under $200,00 anyhow? Why choose $200,000 threshhold?

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