So how much are they taking away now?
In 1972 the payroll tax (employer plus employee) was 7.5 percent. 18 years later it was twice that, 15.3 percent. That's where it is now. Where was the squalling and howling when that tax increase was slapped across all income classes? Make $64,000 or more a year and there's your $5,000. They've been taking it out of your pocket for over 20 years now.