On Mon, 30 Jun 2008 14:29:52 -0700 (PDT), "Robert M. Gary"
wrote in
:

On Jun 30, 2:25*pm, Larry Dighera wrote:

So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors. *

"Wealthy"!! . OMG I'm on the floor laughing. $102,000/yr is now
wealthy, that's awesome, I'll have to remember that one.

We're not talking family income here, but individual income:

http://www.whitehouse.gov/fsbr/income.html
http://www.census.gov/hhes/www/income/income.html
http://en.wikipedia.org/wiki/Househo..._United_States
In 2006, the median annual household income was $48,201.00
according to the Census Bureau.[3] The median income per household
member (including all working and non-working members above the
age of 14) was $26,036 in 2006.[4] In 2005, there were
approximately 113,146,000 households in the United States. 19.01%
of all households had annual incomes exceeding $100,000,[5] 12.7%
fell below the federal poverty threshold[6] and the bottom 20%
earned less than $20,032.[7] The aggregate income distribution is
highly concentrated towards the top, with the top 6.37% earning
roughly one third of all income, and those with upper-middle
incomes control a large, though declining, share of the total
earned income.[8][2] Income inequality in the United States, which
had decreased slowly after World War II until 1970, began to
increase slowly in the 1970s, and has since increased more
quickly.[9] Households in the top quintile, 77% of which had two
income earners, had incomes exceeding $40,705. Households in the
mid quintile, with a mean of one income earner per household had
incomes between $22,000 and $57,657.[10]

You probably couldn't even get a lone [sic] for a Cessna 172 on $102,000/yr.

-Robert

You're probably right.

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.