Posted By:
Al C.risafulliJeff:
Right from Obama's website:
He Does Not Support Fully Uncapping the Payroll Tax for Social Security at the 12.4 Percent Rate. Barack Obama would like to work with members of Congress from both parties to strengthen Social Security and prevent privatization while protecting middle class families from tax increases or benefit cuts. As part of a bipartisan plan that would be phased in over many years, he would ask those making over $250,000 to contribute a bit more to Social Security to keep it sound. Despite the smears of his opponents, Obama does not support uncapping the payroll tax at the full 12.4 percent rate. Instead, Obama and Biden are considering plans that would ask those making over $250,000 to pay in the range of 2 to 4 0percentage points more in total (combined employer and employee). This change to Social Security would start a decade or more from now and is similar to the rate increases floated by McCains close adviser Senator Lindsey Graham and that McCain has previously said he could support.
If you could cite one or two of the 4,000 sources where he said otherwise, I'd appreciate it. I hate being wrong, but I'm more than happy to admit when I am.
As for what percentage of my income I pay toward taxes, I would imagine it's probably at a similar rate to what you pay. And I probably pay all the same corporate and payroll taxes you do, too. Not sure what you're implying in your statement about counting other people's money, so I'll just assume you weren't referring to me.
Edited to clean up the post and add a few points.
-Al