Re: "Nazis Run Our Space Program" -- Peace Activist Bruce Gag-Me

From: Fred J. McCall (fmccall_at_earthlink.net)
Date: 03/17/05 

Date: Thu, 17 Mar 2005 12:24:46 GMT

"Ami Silberman" <silber@mitre.org> wrote:

:
:"Fred J. McCall" <fmccall@earthlink.net> wrote in message
:news:tf4g315p2kv4j98pd2tb0hc2shcugc903b@4ax.com...
:> "Ami Silberman" <silber@mitre.org> wrote:
:>
:> :They don't pay income taxes. They do pay social security (6.2%) and Medicare
:> :(2.9%), and there are usually state taxes as well.
:>
:> All of which they more than recover as 'earned income credit' or some
:> such euphemism.
:
:Single with no children, income of $7,500 per year, EIC is $303. For married
:and no children, it is $380. For some reason you get a lot more back if you
:have kids. In fact, for a married couple with two children, they get $1000
:back with a taxable income as high as $30,700. The bonus "child refund"
:peaks at $2600 for one child for a single parent with income of up to
:$12,500, which is about $1000 above the level at which EIC goes away for
:non-parents. http://www.irs.gov/pub/irs-pdf/p596.pdf has all the gory
:details.
:
:In the case of single person making $7,500 per year, the "lucky ducky" gets
:$303 back from the government, which is about 4% of their income, or less
:than half of what they pay in social security and Medicare.

You have the numbers wrong. You've incorrectly doubled the Medicare
rate.

Now add in everything else they get at that income level. 

-- 
"Some people get lost in thought because it's such unfamiliar
 territory."
                                      --G. Behn

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