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Entry: Greenspan's Gambits Link: http://www.takimag.com/site/article/greenspans_gambits#5503 Post contents: MSS sez: “Joe arrives at his 15.3% figure by combining the employer’s half with the employee’s.. From the Congressional Budget Office document, “Historical Federal Tax Rates 1979 to 2004: “CBO’s analysis of effective tax rates assumes that households bear the burden of the taxes that they pay directly…such as individual income taxes and employees’ share of payroll taxes….CBO assumes—as do most economists—that employers’ share of payroll taxes is passed on to employees in the form of lower wages than would otherwise be paid. Therefore, the amount of those taxes is included in employees’ income and the taxes counted as part of employees’ tax burden.” LINK: http://www.cbo.gov/ftpdocs/77xx/doc7718/EffectiveTaxRates.pdf The only people who believe that the employer’s contribution to payroll taxes is isn’t ultimately a deduction from wages, and therefore, an individual tax on the wage earner. Obviously, MSS is only concerned about the progressive income tax because it’s “progressive”. It’s such a “tyranny” to ask the rich to pay their fair share of the tax burden. “Libertarians” would rather tax the working stiff then those who benefit from their labor. Sent at: 2008 11 22