SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (43559)4/29/2005 1:44:31 AM
From: geode00  Respond to of 173976
 
The number I heard was $140K. To be fair, they should just get rid of the tax which still makes SS regressive but just not as much.

I don't know the numbers on this but I did hear that the estate tax repeal for those leaving more than $7 m per couple is half of what is necessary to make SS solvent for 75 years.

It doesn't take altogether that much because SS works.



To: 10K a day who wrote (43559)4/29/2005 12:51:50 PM
From: bentway  Read Replies (2) | Respond to of 173976
 
I think the best answer would be to just let the cap float to keep FICA in the black. If FICA was short, calculate the amount the cap needs to rise to correct the current and future shortfall, and set it there for the next year. This would raise taxes only on those most able to pay, and turn a regressive tax into a progressive tax.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News