Quote:
Originally Posted by classicman
So a tax increase of 6% on all households with incomes of $100,000 or more - Is that what you are saying?
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I should have said the 6% fica rate should apply to all wages/salaries, not all income.
The higher one's income, generally, the percent of that income from wages/salaries (as opposed to investment and other sources of income) goes down.