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b_b  ·  2953 days ago  ·  link  ·    ·  parent  ·  post: Free Money

I've advocated for a long time that a great place to start if we want to amend tax law to be more in line with our collective values that we should eliminate the payroll tax summarily. It is a horrible tax that is oddly regressive, and doesn't even apply fairly to different types of income or even across families with the same incomes. I grumble at it with every paycheck. Imagine just giving poor people a 12% raise, because that's what would happen if we started treating all income tax the same. Perhaps that would allay some concerns vis-a-vis minimum wage, earned income, etc. It was interesting to see the GOP argue for reinstating the 2% (or was it 4%...can't remember off the top of my head) cut in the payroll tax that Obama and they agreed upon as part of the recovery law. That was the serpent eating its tail if I've ever seen it.