Larry Dighera wrote:
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.


Does the fact that her dividend is simply her share of post income tax
profits mean anything at all to you?