Younger people would be offered the choice of whether to stay in the current system or invest part _ and eventually most _ of the 12.4 percent payroll tax shared by workers and employers in government-approved 401 ( k )-style personal investment accounts.
32.
Mayor Richard Riordan has called for a close examination of how the Los Angeles Police Department deploys its forces in light of the disclosure that the San Fernando Valley gets proportionally fewer officers than its population, tax share or crime rate would justify.
33.
The bogeyman for the municipalities is the $ 70 million drop in state income tax sharing, from $ 435 million to $ 365 million, for the fiscal year which begins today, said Cathy Connolly, executive director of the League of Arizona Cities and Towns.
34.
Younger people would be offered the choice of whether to stay in the current system or invest part _ and eventually most _ of the 12 . 4 percent payroll tax shared by workers and employers in government-approved 401 ( k )-style personal investment accounts.
35.
President Obama attempted both strategies, with some success in reducing both the pre-tax and after-tax share of income of the top 1 % measured 2012 to 2013 ( the most recent CBO data available as of December 2016 ), which means the share of income of the bottom 99 % increased.
