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From: fulford@altos.dec.com (Mike Fulford, MS: UCC, DTN: 544-1313)
Newsgroups: net.taxes
Subject: Please excuse my tax illiteracy!
Message-ID: <5621@decwrl.DEC.COM>
Date: Mon, 29-Sep-86 15:11:48 EDT
Article-I.D.: decwrl.5621
Posted: Mon Sep 29 15:11:48 1986
Date-Received: Wed, 1-Oct-86 01:26:12 EDT
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Organization: Digital Equipment Corporation
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When the media speaks of the "tax rate", do they mean Fed and SS taxes or       just Fed? I can't figure out if I get a tax break or if I get broken by         taxes. I will be in the 28% bracket. If it's a Fed only rate, then I get 
a 10% increase. If it's Fed and SS, then I get a 2% decrease? What's the
story here? They're doing it to us again!