tag:blogger.com,1999:blog-10348701.post5531306228217529567..comments2024-03-13T21:26:03.011-07:00Comments on Right on the Left Coast: Views From a Conservative Teacher: Vilfredo Pareto's Simple DiscoveryDarrenhttp://www.blogger.com/profile/15730642770935985796noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10348701.post-27583421765476143122012-12-24T13:17:15.892-08:002012-12-24T13:17:15.892-08:00All those percentages would be relevant, were it n...All those percentages would be relevant, were it not for the fact that three of the largest federal expenditures are paid not by income tax, but by FICA tax, which is exceptionally regressive ---having an effective rate of about 16% on approximately the first 100k of income, and zero thereafter. And, there are no deductions for FICA . . .maxutilshttps://www.blogger.com/profile/11294262473781967372noreply@blogger.com