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Old 04-21-2009, 01:09 PM   #31
Godfather
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Default Re: anderson cooper needs to go

Quote:
Originally Posted by Dino 6 Rings View Post
(50% of this country's wage earners pay ZERO Federal Tax Dollars)
Sloght correction--you're talking about federal INCOME tax. Social Security and Medicare are a huge burden on the working class--they pay from the first dollar and the employer has to match. Then you add on costs like workers' comp and unemployment tax. With all that taken into consideration, the gap between what you take home and what it costs your employer is close to 20% before you even get to state taxes

And if you're middle to upper middle class and pay federal income tax you get shafted even worse.
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