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Old 09-25-2008   #129
tpunx99GSX
 
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Re: I just want to take a quick poll...

Quote:
Originally Posted by slowboy View Post
Pretty sure this is wrong. Federal income tax is progressive, the more you make the higher percentage it's taxed at.

Maybe what you're trying to say is Obama wants to make it even more progressive so it's a steeper curve as you make more, whereas MaCain opposes this, I know a lot of republicans support more of a flat tax.

Social Security doesn't follow the same rules though, it's a flat tax, plus it's capped each year.
http://www.timesonline.co.uk/tol/mon...cle1996735.ece Highly publicized speech by Warren Buffett where he is paying 17% on his taxes, but his secretary who makes $60k a year is getting taxed 30%
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