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The Water Cooler
General Discussion
The Buffett Rule, 6/100ths of one percent.
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<blockquote data-quote="soonerwings" data-source="post: 1754326" data-attributes="member: 8035"><p>Now hold on there mister....not so fast. The original statement was that 47% of Americans pay no INCOME taxes. FICA is not an income tax. True, both income and FICA are different types of payroll taxes (I'll grudgingly concede that) but that does not mean that FICA is the same as income tax. All squares are rectangles, but not all rectangles are squares...follow?</p><p></p><p>All this aside...I really DO want to hear about these finer points.</p></blockquote><p></p>
[QUOTE="soonerwings, post: 1754326, member: 8035"] Now hold on there mister....not so fast. The original statement was that 47% of Americans pay no INCOME taxes. FICA is not an income tax. True, both income and FICA are different types of payroll taxes (I'll grudgingly concede that) but that does not mean that FICA is the same as income tax. All squares are rectangles, but not all rectangles are squares...follow? All this aside...I really DO want to hear about these finer points. [/QUOTE]
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The Buffett Rule, 6/100ths of one percent.
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