Back where the air is thick and the truth is told:
"America IS the 1%: You need just $34,000 annual income to be in the global elite... and HALF the world's richest people live in the U.S. Global median salary is $1,225 ...
Back where the air is thick and the truth is told:
"America IS the 1%: You need just $34,000 annual income to be in the global elite... and HALF the world's richest people live in the U.S. Global median salary is $1,225 ...
Then you should be able to prove it wrong ... yet you cant.
You haven't provided any evidence to demonstrate that a person making $40,000/year in the US is a 1% er. It is up you to prove it is more than your opinion.
2017 wages’ earning cap is $127,200 at 7.65%. For years it’s been discussed the cap should be removed so the high earners continually pay this tax like lower wage earners do. Yet there’s been no mention about removing this regressive tax on the middle and lower class.
Meanwhile the new tax structure will now tax students seeking advanced degrees earning less that $30k will now be taxed on the value of their earnings plus the value of their tuition scholarship. The effect of this is to cause most of our best and brightest to drop out of STEM research PhD programs. This means our ability to keep up with scientific / societal advances of other countries will rapidly drop.
This very shortsighted and is a vivid example of protecting the rich and at the expense of the middle class.
It will be the likes of the Donald Jr. and Eric Trump protecting our research parity going forward because only the rich could afford the cost while our best and brightest are lost to our country’s future advances.
Thank you Paul Ryan for hurting our society’s future.
2017 wages’ earning cap is $127,200 at 7.65%. For... (show quote)
FICA Taxes were from the inception designed to be different than income tax, your protests of the "rich" not paying their fairshare is a bit misplaced... It is the government that has destroyed the integrity of the SS program.
bobericLoc: Quiet Corner, Connecticut. Ex long Islander
LWW wrote:
Based upon what?
You are aware that if you have a household income of $40K/yr you are a 1%er?
Actually the 1% is not based only on income, but net worth is the prime consideration. The liberals talk about millionairs and billionaires. Nobody earns 1 billion a year, and a very small percentage earn 1 million. Furthermore if you were to confiscate ALL of the millionaires and billionaires net worth, you would only ba able to run the government for about 5 months,
You haven't provided any evidence to demonstrate that a person making $40,000/year in the US is a 1% er. It is up you to prove it is more than your opinion.