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Wounded Bear

(64,353 posts)

2. FICA is still higher than pre-Reagan era...

Reply to FarCenter (Original post)

Tue Jul 10, 2012, 01:06 PM

Jul 2012

even with the recent break. Reagan doubled it to cover the Baby Boomers (me) meaning that we were the first generation to support our parents, and pay for our own retirement. It was pay as you go, it's been pre-pay before you go since Reagan.

Cry me a river. I'll pay it.

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Highlight:

Obama's 'Progressive' Tax Plan Actually Screws Over The Little Guy [View all] FarCenter Jul 2012 OP

BS. The FICA tax break HAS to expire eventually. It was never intended to be permanent. phleshdef Jul 2012 #1

FICA is still higher than pre-Reagan era... Wounded Bear Jul 2012 #2

Good. Shore up Social Security. It's worth 2%. democrat_patriot Jul 2012 #3

+1 It was a bad idea to drop it down... DCKit Jul 2012 #8

There's a calculation issue here. If av Inc = 42K then av FICA increase is only $840 Lionessa Jul 2012 #4

Obama's not trying to screw the little guy. He has a Rethug House. What do you think pnwmom Jul 2012 #5

To my mind the screwing was having the cut at all. TheKentuckian Jul 2012 #6

ANY taxes on incomes below or at poverty level I do not support. nt Comrade_McKenzie Jul 2012 #7

Bullshit... SidDithers Jul 2012 #9

thank you for the voice of reason and information. n/t progressivebydesign Jul 2012 #11

Yes, Obama is always about screwing the little guy. That's why he requested this in the 1st place. denverbill Jul 2012 #10

Agreed. I'm really excited to see what RMoney will do for the little guys if he wins.. progressivebydesign Jul 2012 #12