Impeding changes to our Health Care system

[Redux]

Originally Posted by TheMercenary

If you want to redistribute wealth from those who worked hard to make money and give it to those who haven't been so fortunate, you are promoting a socialist ideal. Wealth Redistribution.

http://en.wikipedia.org/wiki/Socialist_economics

Or as I proposed a long time ago in this discussion...raise the FICA rate, which is currently capped on wages over $100k. Those under $100K pay 6% and the rate effectively goes down as wages go up. A person making $300K only pays 2% (6% on the first $100K, then 0% on the last $200K).

Is it "fair" that you pay a 6% FICA tax and a guy with a $1 million salary pays less than a 1% tax? Does he work harder than you?

[TheMercenary]

Originally Posted by Redux

Or as I proposed a long time ago in this discussion...raise the FICA rate, which is currently capped on wages over $100k. Those under $100K pay 6% and the rate effectively goes down as wages go up. A person making $300K only pays 2% (6% on the first $100K, then 0% on the last $200K).

Is it "fair" that you pay a 6% FICA tax and a guy with a $1 million salary pays less than a 1% tax? Does he work harder than you?

I could actually support something like that as long as all wages are taxed equally across the board and no one is exempt from paying the tax at the lowest end as well. Just do away with other taxes.

[TheMercenary]

Originally Posted by Redux

The best way to fund any revenue shortfalls, IMO, would be to extend the surcharge on the top taxpayers....from the top 1/2 of one percent to the top 2%....leaving 98% of taxpayers not impacted by the costs.

But why penalize the people who already pay the majority of taxes. Why not let the portion that pays the least pick up some of the slack?

November 20, 2009
Progressive Taxation is punishing success
Scott Strzelczyk

According to the National Taxpayers Union, the top 1% of federal income tax filers paid 36.89% and 40.42% of all federal income taxes in 2004 and 2007, respectively. That equates to a 9.6% increase in the percentage of taxes paid over the four year period.

Total tax collected increased by 44% from 2004 to 2007; however the top1% actual taxes paid increased by 54% in the same period. The top 25% paid nearly 87% of all federal income taxes in 2007, while the bottom 50% paid 2.89%.

http://www.americanthinker.com/blog/...is_punish.html