High income people pay much less tax than middle class

Simple truth:

If you make $5,000,000 salary a year and your spouse make $80,000 salary a year, assuming you get a raise of $10,000 (small percentage for you, right?) and your wife also get a raise of $10,000 (big raise and hard to get), do you know who would take home more?

That is YOU, not your wife! She had to pay about $1500 more Tax (Fed + Socoal Security Tax) than you (rich and lucky guy) does. That is the so called fair tax code!

Do not tell me that you would get SST back when you retire, you will NOT! When a person who makes $10,000 a year would get more than he paid back, a person who make $80,000 a year would not. SST is a wellfare tax for middle class to support poor people when rich people do NOT make contributions.

所有跟帖: 

If your spouse make $110,000 salary a year, then, you know he/s -不开窍- 给 不开窍 发送悄悄话 (102 bytes) () 06/15/2012 postreply 09:12:29

Majority middle class make less than $110,000 salary a year -gccard- 给 gccard 发送悄悄话 (0 bytes) () 06/15/2012 postreply 11:28:40

$110,000 is within 90%, I think. Please check. -不开窍- 给 不开窍 发送悄悄话 (218 bytes) () 06/15/2012 postreply 12:18:39

The 8w income you mentioned will be -jjj7- 给 jjj7 发送悄悄话 jjj7 的博客首页 (111 bytes) () 06/15/2012 postreply 10:31:03

I voted for Obama last time because he said he would remove the -gccard- 给 gccard 发送悄悄话 (166 bytes) () 06/15/2012 postreply 11:33:47

rethink this time. -jjj7- 给 jjj7 发送悄悄话 jjj7 的博客首页 (219 bytes) () 06/15/2012 postreply 11:49:29

Well, Republic is worse. -gccard- 给 gccard 发送悄悄话 (0 bytes) () 06/15/2012 postreply 12:04:47

The guy make 8w have to pay $5500 more tax as compare to the spo -meowi- 给 meowi 发送悄悄话 (0 bytes) () 06/15/2012 postreply 13:41:41

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