General Discussion

Flagrante

(138 posts)

41. The numbers don't add up

Wed Nov 20, 2013, 12:05 AM

Nov 2013

FTA: "the bill would subject all wage and salary income to the 12.4 percent Social Security payroll tax, as opposed to only drawing from income up to $113,700 as is presently done. For someone earning $200,000 per year, this would mean a tax increase of more than $4,000 per year. For someone earning $1?million, the tax increase would be $58,700."

12.4% of ($200,000 - 113,700) = $10,700, not "more than $4,000."

and

12.4% of (1,000,000 - 113,700) = $109,901, not "$58,700."

Anyone know what's up with this?

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BOO!!! - And Fucking BRAVO !!! - A Shit Of A WaPo Editorial, And One HELL Of A Response... [View all] WillyT Nov 2013 OP

excellent gopiscrap Nov 2013 #1

Rec'd and Bookmarked! n/t SomeGuyInEagan Nov 2013 #70

Proud to kick and rec such a fine OP! Fantastic Anarchist Nov 2013 #2

LOL, which DUer was that? winter is coming Nov 2013 #3

LOL !!! - I'd LOVE To Claim It Was Me... But Alas.. No... WillyT Nov 2013 #5

yes Bravo on bringing out the truth Dryly 41 lunasun Nov 2013 #4

That is one incredible rebuttal! Curmudgeoness Nov 2013 #6

Give that person a seat at the budget negotiations table Samantha Nov 2013 #7

Dryly 41 is smarter than... Mike Nelson Nov 2013 #8

Recommend! KoKo Nov 2013 #9

OMG,,,that was a great and complete answer. zeemike Nov 2013 #10

That would be a return to traditional DEMOCRATIC tax and fiscal policy. WowSeriously Nov 2013 #11

Perhaps it was only a temporary brain fart? IrishAyes Nov 2013 #12

That struck me odd too. Maybe the guy's not a typical Tea-publicon. ffr Nov 2013 #14

Perhaps the author is attempting to remind Repubs of the fiscal responsibility progressoid Nov 2013 #20

^ This ^ n/t Adsos Letter Nov 2013 #35

Perhaps. But they inherited Democratic tax policy. They don't deserve credit. WowSeriously Nov 2013 #45

That's the way I took it. Jackpine Radical Nov 2013 #59

This is an excellent example of how FAR to the Conservative RIGHT... bvar22 Nov 2013 #81

Eisenhower was far too left wing GeoWilliam750 Nov 2013 #91

Rachel Maddow agrees. bvar22 Nov 2013 #96

Love it when other people fight back with facts ffr Nov 2013 #13

It's great to see as the first reply Oilwellian Nov 2013 #15

bookmarked grasswire Nov 2013 #16

Bounce... WillyT Nov 2013 #18

I'm Still In Awe From... WillyT Nov 2013 #17

We promise to spend it all. Enthusiast Nov 2013 #62

Great response! jtuck004 Nov 2013 #19

This chart shows whose interests Obama promotes. Divernan Nov 2013 #47

That chart shows that simply taxing the rich wont fix the problem; there isnt enough money. 7962 Nov 2013 #56

"That is something that nobody says." Enthusiast Nov 2013 #64

I guess i dont watch the right channels then. But regardless of who says it its still the truth 7962 Nov 2013 #76

What you say is untrue. They are also right wing talking points. Enthusiast Nov 2013 #93

Where I've been is here; for a few years. 7962 Nov 2013 #102

That is something that nobody says, because it's utterly wrong. jeff47 Nov 2013 #75

Certainly it would bring in more revenue. But NOT ENOUGH. 7962 Nov 2013 #79

Golly, I'm so surprised you failed to show any math in your response. jeff47 Nov 2013 #83

Thank you! Springslips Nov 2013 #99

I appreciate your detailed response. (And I'm serious) 7962 Nov 2013 #100

Again, you still haven't backed up your position with any math. jeff47 Nov 2013 #103

Ok, just a few differences. 7962 Nov 2013 #104

That's because most people would not be able to eat or sleep under a roof at night if they JDPriestly Nov 2013 #85

Kicking again. riqster Nov 2013 #21

I don't know who Dryly41 is, but I wouldn't change a single word of his rebuttal Warpy Nov 2013 #22

Great information - here's a direct link kristopher Nov 2013 #23

So the Harkin-Sanchez proposal would dgauss Nov 2013 #24

+ 1,000,000,000... What You Said !!! WillyT Nov 2013 #25

btw, WaPo -- isn't it "Loretta" Sanchez, not "Linda"? nt grasswire Nov 2013 #26

Here... WillyT Nov 2013 #27

ah! grasswire Nov 2013 #29

Excellent reply, I would only change one thing. A Simple Game Nov 2013 #28

Hear, Hear! mimi85 Nov 2013 #32

Indeed. And THAT is the massive transfer of wealth that may actually occur. stillwaiting Nov 2013 #57

Yessss...Oh so true. Only a bunch of liberal Socialist types keep bringing this up. maddiemom Nov 2013 #90

yes, even the rich have finite resources, they are just close to infinite resources and closing in, hollysmom Nov 2013 #30

Bravo! nt silvershadow Nov 2013 #31

Kicked and recommended. Uncle Joe Nov 2013 #33

Anytime... Uncle Joe, Anytime... WillyT Nov 2013 #98

K & R. dchill Nov 2013 #34

Excellent! mckara Nov 2013 #36

Yes. Yes. Yes. n/t countmyvote4real Nov 2013 #37

Social Security Proposal DENIERS are Wrongheaded! ReRe Nov 2013 #38

K&R abelenkpe Nov 2013 #39

What a great post! n/t UtahLib Nov 2013 #40

The numbers don't add up Flagrante Nov 2013 #41

divide by half moxybug Nov 2013 #63

welcome to DU gopiscrap Nov 2013 #66

k&r thanks for posting. nm rhett o rick Nov 2013 #42

who is that responder? BlancheSplanchnik Nov 2013 #43

Why should the 90%+ of Americans who make under $113,000 pay FICA taxes on 100% of their incomes stopbush Nov 2013 #44

whatta great response! :) bravo! Divine Discontent Nov 2013 #46

K&R emsimon33 Nov 2013 #48

K & R malaise Nov 2013 #49

Hear, hear! k&r n/t Laelth Nov 2013 #50

Kick because I want to show this to someone later Fumesucker Nov 2013 #51

K&R. myrna minx Nov 2013 #52

The bottom line - the general fund owes Social Security $3 trillion. The rich have to pay that back. reformist2 Nov 2013 #53

'Emergency' supplementals were used to keep the Iraq and Afghanistan adventures 'going'. unhappycamper Nov 2013 #54

+++ A lot of those comments are worth reading. DirkGently Nov 2013 #55

(thread worth DAYS of kicks!) . . .. n/t annabanana Nov 2013 #58

Kicked and recommended a whole bunch. Enthusiast Nov 2013 #60

. . . Triana Nov 2013 #61

I can't friggin believe they ProSense Nov 2013 #65

Thanks for the addition, just one of many challenges to outright lies being told! freshwest Nov 2013 #87

I'm saving Dryly 41's response. It is an excellent response to the Fix the Debt hucksters. Larkspur Nov 2013 #67

The Source documenting the Numbers ... 66 dmhlt Nov 2013 #68

"pressure from the left flank of his party" Shame on all the others who call themselves Democrats! L0oniX Nov 2013 #69

In just that poll, 79% think that the Social Security cap should be eliminated. Aerows Nov 2013 #71

Raise-the-CAP? bvar22 Nov 2013 #82

What a TERRIFIC reply!!!! Pretzel_Warrior Nov 2013 #72

Yes, Indeed!...Go On With Your Bad Self, Dryly 41 whathehell Nov 2013 #73

Rec'd & bookmarked NastyRiffraff Nov 2013 #74

oooooooooooooooo Burf-_- Nov 2013 #77

You can almost hear the "WHOOSH!!!!".... Wounded Bear Nov 2013 #78

Excellent - bookmarked. klook Nov 2013 #80

Solve a lot of $$ problems RobertEarl Nov 2013 #84

Perfect, thorough, zinging reply! countryjake Nov 2013 #86

K&R stage left Nov 2013 #88

Truly excellent. That's a "saver!" JEFF9K Nov 2013 #89

Is there a reason GeoWilliam750 Nov 2013 #92

K and fucking R. Perfect. cliffordu Nov 2013 #94

Well done, can't argue the truth. WaPo just got served humble pie, a mighty slab of truth!!! K & R mother earth Nov 2013 #95

Awesome! Springslips Nov 2013 #97

Absolutely AWESOME .... MindMover Nov 2013 #101