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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (561487)4/18/2010 1:19:01 PM
From: i-node  Read Replies (2) | Respond to of 1578921
 
We've known about this demographic problem for a while....and yet, the rate of payroll deduction for SS has not changed in at least 20 years. Why is that?

You'll recall that GWB tried to do something about the SS mess a few years ago and was bludgeoned for it.

The SS tax burden already increases on an annual basis by virtue of the ever-increasing wage base. And in fact, the maximum annual contribution to SS has increased from $9,448 in 2000 to $13,243 in 2010, and increase of 40% taxpayers earning from 75-100K -- basically, middle income taxpayers. Obama has now attached killer tax rates to capital gains to fund Medicare. So, the only real place to go at this point is to increase the tax rate, which will kill the working poor.

We are taxed to death and it is getting ready to deteriorate further.

I honestly don't understand why it is so hard for leftwing whackjobs like yourself to understand.