"Peter E. Pflaum, Ph.D. Institute for Human Resources (904) 428-9609 [EMAIL PROTECTED] [EMAIL PROTECTED]" [EMAIL PROTECTED] On Thu, 5 Jan 1995, S.Rennacker wrote: > > Interesting article. > > Have you considered the impact that eliminating the "unearned income" > and "over $55,500" exemptions on social security taxes, along with > means-testing? > > -- S. L. Rennacker > [EMAIL PROTECTED] > "Corrupt politicians make the other ten percent look bad." > --- Henry Kissinger > The real problem is to reduce spending - Say you are a teacher and earn 1340 a two-week pay period - from your check there are fixed deductions of $1000 - $250 for interest on a debt that is equal to your annual income, $335 for Socail Sercuity $150 for Medicare $90 for medicaid $67 for retirement of fedreal employees and $7 misc fees due on of the 340 of desposable income you have $550 in expenses Now most programs should be means tested - not as a tax idea but as a reduction in expenditure - people who are in the top % of income should not be getting welfare - If the benefit = 100 then substract the difference between their income and the median income - If you are in the top 1% (99 - 50) =49 % of benefits or double that so the top gets nothing (99 - (50 x 2)) = or if you at at 50 percentile of income (50 (0 x2) no correction 75 percentile income - (75-25 = 25) x 2 = 50% benefit level - the cause in to reduce outlays not raise taxes - there maybe up to 100 b in such "asvings"
