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On exempting SS income: Joel Send a noteboard - 25/02/2012 02:30:43 AM
IN addition to the federal taxes, there are state/city taxes, social security/medicare taxes, and state/city sales taxes, not to mention various fees which are in effect taxes disproportionately affecting the poor.

Obviously I cannot climb into legislators' heads, and realize employers contribute also, but my guess is it mostly tax exempt because FICA is not deductible, so a great deal of it was long ago taxed as income. If FICA and Medicare WERE deductible, well, needless to say that would radically change both our tax code and perception of it, particularly in places with state income tax. ;)
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Why Joel is CRAZY - Nearly Half of All Americans Don't Pay Federal Income Taxes - 23/02/2012 04:43:15 AM 1565 Views
A not so hypothetical situation... - 23/02/2012 05:46:44 AM 976 Views
Your paying more money now than then. Lower rate but more money *NM* - 23/02/2012 07:52:51 AM 561 Views
Accurate statement, but not a justification *NM* - 23/02/2012 03:44:55 PM 461 Views
Re: A not so hypothetical situation... - 23/02/2012 02:39:43 PM 1070 Views
I don't know much about that. - 23/02/2012 03:53:27 PM 897 Views
Why the heck do you think the current tax system is skewed to the rich? - 23/02/2012 03:18:43 PM 1115 Views
That's a fair question - 23/02/2012 03:52:08 PM 1000 Views
You're operating under the same fallacy he does - that people should pay income taxes. - 23/02/2012 12:05:52 PM 1164 Views
In much the same way - 23/02/2012 01:40:58 PM 1128 Views
Same argument re: fallacies - 24/02/2012 02:52:17 PM 959 Views
Was meant as a joke reply - 02/03/2012 06:30:15 PM 1149 Views
Joel is crazy, but I highly doubt that this is "why" - 23/02/2012 01:36:37 PM 1162 Views
HA! HA! Very well played! *NM* - 23/02/2012 03:49:35 PM 411 Views
You mention this statistic all the time. - 23/02/2012 02:16:47 PM 853 Views
Obviously, we are talking about the bottom 50%..... - 23/02/2012 03:22:43 PM 884 Views
How do you account for retired folks? - 23/02/2012 04:18:59 PM 1091 Views
social security isn't taxable either *NM* - 24/02/2012 04:21:21 AM 482 Views
Easy... he doesn't. - 25/02/2012 02:56:05 AM 837 Views
I wonder how much of that statistic is students - 23/02/2012 02:22:58 PM 1103 Views
Federal taxes - 23/02/2012 04:18:22 PM 977 Views
Your figures are fairly unrealistic - 23/02/2012 04:54:44 PM 1170 Views
Not entirely. - 23/02/2012 06:30:18 PM 917 Views
On exempting SS income: - 25/02/2012 02:30:43 AM 932 Views
Is there any reason why one should exclude the other? - 23/02/2012 07:32:09 PM 992 Views

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