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From: jld@ulysses.UUCP (Jeff David)
Newsgroups: net.taxes
Subject: Re: Please excuse my tax illiteracy!
Message-ID: <1406@ulysses.UUCP>
Date: Tue, 30-Sep-86 16:03:41 EDT
Article-I.D.: ulysses.1406
Posted: Tue Sep 30 16:03:41 1986
Date-Received: Wed, 1-Oct-86 05:03:07 EDT
References: <5621@decwrl.DEC.COM>
Organization: AT&T Bell Laboratories, Murray Hill
Lines: 5

> 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!

They mean Federal Income Tax rate only.  No SS.