"John D. Giorgis" wrote: > At 10:02 AM 2/22/2003 -0600 Dan Minette wrote: > >Bush has another double taxation he could have eliminated: taxes on the > >money which pays the Social Security tax. Is the fact that that mainly > >benefits individuals who make <75k/year and that he doesn't favor this a > >coincidence? > > Because it does not produce economic distortions, and because Democrats > would viciously oppose any tinkering with Social Security, including > attempts to roll the SS tax into the general tax code and to means-test > benefits?
I didn't think Dan was implying that SS tax should be folded into the general tax code; just that the double taxation here should/could be fixed. All that would take is allowing a federal tax deduction for what is paid to SS tax, perhaps in the same way 401K contributions are not taxed. This shouldn't require tinkering with SS at all, it would only affect the federal tax. -Bryon _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
