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Old November 15th 03, 03:04 AM
Dee D. Flint
 
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"N2EY" wrote in message
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And there are so many variables and unknowns! For example, look at the
tax situation. There's federal income tax - and social security tax,
and medicare tax, and state income tax in some places, and local wage
taxes, and sales taxes...And the deduction/withholding rules change so
that what used to be not much of a burden on the average person is now
a big chunk out of the paycheck.


And this is the real killer. When the Federal Income tax was first
initiated, the average person's tax rate was only 3%. The average RATE is
now much higher. So the Feds are getting a bigger percentage of an inflated
wage. So the tax income rises at a rate greater than wages and inflaction.

Dee D. Flint, N8UZE

 
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