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  • Oct 04, 2012 10:05 PM
    Last: 7yr
    The single mom handing the hamburgar out the window of the fast food resturant pays in taxes: both sides of social security (employer factors into total cost of employee) 13.4%, in indiana sales tax on almost everything 7%, state tax with $1,000 deduction in Indiana almost 4%. This puts that hard working women in a 24.4% tax bracket. Much higher than capital gains rate. The fact is the poorest folks in the nation pay higher taxes than the relatively well off. The social security tax is by the way on her entire income. Not just a fraction as with a weathy taxpayer.