Zeev's Turnips Patch-No Politics (ZEEV)

[marvin1946]

"...the first $15,000 of income Payroll tax free."

Zeev,
Brilliant idea. I have been saying this for years. You could leave it on all income above 15k(indexed) and thus a significantly lower rate? Banging the group from 90K-150K with a higher limit at 6+% might be hurting the wrong group at the wrong time. In todays world these are not rich folks and they are paying the bulk of federal taxes already. If the rate were 3.5% and affected incomes from $15001 on up, perhaps that would be more fair. I am guessing at percentages and I am including business match on incomes below 15k. marv