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

To: gronieel2 who wrote (857292)5/15/2015 2:21:23 PM
From: Tenchusatsu1 Recommendation

Recommended By
TimF

  Read Replies (1) | Respond to of 1576955
 
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



To: gronieel2 who wrote (857292)5/15/2015 2:42:48 PM
From: TimF  Respond to of 1576955
 
Then your not just removing the cap.

Also your putting in place a massive tax increase on those who are already paying the highest tax rates. Rates that high are a very bad idea.


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