re: 'You earned it, you keep it act' bill would eliminate taxes on Social Security

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'You earned it, you keep it act'

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raises the cap on SS tax from 168K to 250K

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So you keep less of what you earn. Sounds like it is all an act.

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-extends the program's solvency by 20 years

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Then what?

They should be eliminating this failed tax, not the tax on the benefit. I would gladly give up my accrued benefits to never have to pay into it again. But we are all stuck in this Ponzi scheme.

Someone making $250k would potentially pay $30k per year into this system, and not be allowed to contribute to a tax advantaged retirement plan.