On Mon, 30 Jun 2008 22:31:19 GMT, "Mike" wrote
in X8dak.336$bn3.151@trnddc07:


But the fact remains, that what Obama is proposing will increase
payroll taxes _only_ for those _individuals_ (not households) earning
more than $102,000.00 annually.

Actually it's not even that. Someone with a million dollars in investment
income who has no wage income pays $0 FICA to begin with.

That's why I stipulated 'payroll taxes.'

Of course, Bush cut the taxes on dividend income, so your hypothetical
investor not only doesn't pay FICA, she got an income tax decrease to
boot.