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FICA, while separate from the income tax, is still determined by income, and is reported on the 1040. The various articles state that those 47% of filers (i.e., who submitted tax forms) paid no taxes, as accounted for on the forms. One might therefore draw the conclusion that they also paid no FICA. I'll have to do some research to confirm this, but wouldn't surprise me.
It's not a matter of preference per se but one of 100% occupancy rates and guaranteed rent and repair payments. Section 8 housing doesn't mean you don't have control over who you rent to actually you have more control and once you have the paper tiger under control it becomes a cash cow of sorts. Sure rental rates are tighter controlled but what you might lose in rent is more than made up in occupancy rates. Rental occupancy only one of the benefits tied to Sect 8 housing.
Slumlords are slumlords by design not because of govt housing or property taxes or tenants.
In this instance, it renders the discussion incomplete.
When talking about the tax burden, leaving out taxes that fall more heavily on those with less income in order to make a point about how those with less income pay no taxes is dishonest, at best.
And?Medicare & social security rates are tied to Income and benefits capped by income.
Actually, when you shift the conversation to those who are taxed unfairly at a higher rate, I nominate the small business owner and self employed individuals. That's because the small business owner pays both the employee's share of social security and the employer's share, for a total of around 15%.
After that, he gets to pay income tax just like everyone else.
FICA as I understand it is not actually a tax. Though you would never guess that by hearing the 0bama regime bragging how they are cutting that 'tax' to save people $40/mo or whatever it is. FICA is actually a contribution .. to your own retirement fund! (Social Security) So by cutting this payroll 'tax' Zippy is actually weakening the already bankrupt SS system as we know it. And what did he take from Medicare/Medicaid? A billion dollars to help fund 0bamacare? Hey! Thats a twofer! Way to go King Zippy, Marvel of Moochers, Patron Saint of the Parasites and Counselor of Fraud.
You'll never get a straight answer out of AD (moonbat) since it is the full purpose of his posts to try and confuse the issues. Since the opening post of the thread SPECIFFICALLY says FEDERAL INCOME TAXES, all reference to FICA, Medicare, excise, etc. has been removed from the conversation.
Really do hate to hear the 49.5 number although I fully expected it ti surpass 50% by now. The worse news though is the percentage drawing funds from me and you via kickbacks from the federales (somewhere above 30% of filers).
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