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Your just like property taxes, you're clear about what they're paying for. with the payroll tax, we know what it's paying for, but i feel there's an obscurity around it. i have to say coming from a working class household, i didn't know that high incomes capped out. i didn't know there was a point at which you stopped paying payroll taxes. you know, the first time i ever earned enough, it was in a november, i was 32. i was like, my check is too big. it should be smaller this month. >> you're a rare bird. >> i had no idea that it felt to me like this seemed like the easiest tax base solution. e...

To that but to get into that goes on and on. >> bill: the corporations have to contribute to the social security fund. >> right. >> bill: at the same rate the workers do. >> that's right. >> bill: all in all, president obama is trying to tell the american public that the one percenters, as few as they are, aren't paying their fair share and corporate america is not paying their fair share. are we paying our fair share. >> i think more than our fair share for crying out loud. people don't realize what we are paying as individuals the employer has to withhold the money. we're talking about 7.65%...

Goes on and on. >> bill: the corporations have to contribute to the social security fund. >> right. >> bill: at the same rate the workers do. >> that's right. >> bill: all in all, president obama is trying to tell the american public that the one percenters, as few as they are, aren't paying their fair share and corporate america is not paying their fair share. are we paying our fair share. >> i think more than our fair share for crying out loud. people don't realize what we are paying as individuals the employer has to withhold the money. we're talking about 7.65% in the case of those payroll...

Goes on and on. >> bill: the corporations have to contribute to the social security fund. >> right. >> bill: at the same rate the workers do. >> that's right. >> bill: all in all, president obama is trying to tell the american public that the one percenters, as few as they are, aren't paying their fair share and corporate america is not paying their fair share. are we paying our fair share. >> i think more than our fair share for crying out loud. people don't realize what we are paying as individuals the employer has to withhold the money. we're talking about 7.65% in the case of those payroll...

To go out there and hire. banks are having difficulty lending particularly to the really small businesses, and so you need these people to be able to accumulate capital so they can open up that second or third store or hire that fifth employee. we are not talking about megabusinesses. and these people not only are making more than $250,000, they are double taxed because they pay both sides of the social security and medicare tax that's 15.3% not the 7.65 that the average worker is paying out there. they are killing these guys. jenna: good point all around. i'm going to have to leave it there. ...