the other 25 percent

Reader comment on: Ryan's Budget

Submitted by YK (United States), Mar 28, 2012 16:04

I am confused...so the individual cap at 25 percent...relates to payroll taxes how? I am unclear after your editorial. I thought federal taxes were the stuff we get deducted from our paycheck and that gets adjusted in April...no? You say "on top of payroll tax"...

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The Future of Capitalism replies:

There's an income tax, and there's a payroll tax on top of that. Two different things. If you earn $100,000 and the income tax is 25% and the payroll tax is 13%, you pay $38,0000 in tax.

Other reader comments on this item

Title By Date
⇒ the other 25 percent
[w/response] [45 words]		YKMar 28, 2012 16:04
Your nonsensical conclusion [168 words]Fast EddieMar 27, 2012 14:52
↔ WSJ [22 words]Tom ElliottMar 27, 2012 17:21
↔ Comments "Policy"
[w/response] [22 words]		Dan CalabriaMar 29, 2012 10:29
↔ Where?
[w/response] [14 words]		Dan CalabriaMar 29, 2012 16:39

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