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Politics : Formerly About Advanced Micro Devices
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TimF
To: gronieel2 who wrote (857292)5/15/2015 2:21:23 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1576346
 
Gronieel2,
What you do is remove the cap but maintain the maximum payout.
a) Social Security used to tie the amount of contributions to the amount of benefits. Are you sure you want to break that tie just to redistribute the wealth?

b) You're arguing for an effective tax hike of 12.5 percentage points on all income above the current cap. We already have a sharp progressive income tax curve to make up for the regressive nature of the SS payroll tax.

Maybe you don't realize any of this. I'm not surprised. Democrats love hiking taxes on the "rich" without question.

Tenchusatsu
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