['BusNative]

Originally Posted by fourteenandoh

payroll tax is social security right?

As far as I know, but check out the description of the proposal from the same link above:

The other issue that is important to clarify is that when the McCain campaign asserts that ?32%? (or 40%) of all workers pay no income taxes, this is misleading. Obama?s Making Work Pay Tax Cut directly offsets the first $500 of payroll tax that a worker pays each year. It is therefore ONLY available to workers who pay payroll taxes, and no worker receives a tax cut that exceeds their payroll tax payments. Since its inception in 2007, this was the design of the Making Work Pay Tax Cut: ?This refundable income tax credit will provide direct relief to American families who face the regressive payroll tax system. It will offset the payroll tax on the first $8,100 of their earnings while still preserving the important principle of a dedicated revenue source for Social Security...Accordingly, the allegation that the Making Work Pay Tax Cut goes to workers who do not pay income taxes is entirely misleading ? the 95% of workers that Obama claims will benefit are all workers who pay payroll taxes, and none will receive a tax cut from the MWP cut that is greater than their payroll tax liabilities.