The Slightly Progressive Payroll Tax

[Max B. Sawicky]

> Um Max, don't the top 10% own most of the wealth in this country?  A tax
> that's progressive up until that point seems downright regressive.  
> Unless I'm drastically misunderstanding.
> 
> Michael

We might not like the overall pattern, but the (small) point
is that the tax is both progressive and regressive, depending
on what part of the income spectrum you are looking at.

mbs