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Originally Posted by OrangeBlossomBaby
Social Security and Medicare don't get paid through INCOME tax. They get paid through social security and medicare tax. Yes they all come from income, so yes etymologically they are all income taxes. But only one is -called- "Income Tax." The others are called FICA - which is federal insurance contributions act.
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The act includes getting rid of payroll taxes, which fund social security and Medicare. It talks about reallocating part of the new taxes to cover those programs but not how much would be reallocatd. This is a very regressive tax that hits lower income wage earners.