Reply #56: Here's yet another person repeating the claim that JCT says 80% will come from wages [View All]

[Hello_Kitty]

'm not getting this information from some secret source passing me documents in a parking garage -- it's from an analysis last month by the staff of Congress's Joint Committee on Taxation for Rep. Joe Courtney (D-Conn.). Courtney opposes the tax, but that doesn't affect the numbers because the committee's staff is a well-respected, nonpartisan operation. To see the report, go to http://www.tinyurl.com/courtneyjc.

The tax is projected to raise $149 billion for the 10 years ending in 2019 (on Page 4, for those of you tracking this online). Only $26 billion of this -- less than 20 percent -- would come from payment of the excise tax itself. The rest, more than 80 percent, would come from higher income, Social Security and Medicare taxes on individuals.



http://www.washingtonpost.com/wp-dyn/content/article/2010/01/11/AR2010011103591.html?hpid=topnews


Yeah, I'm not just imagining it.