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

quote:

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Is it the same on both the employee and employer portions?

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Of course. They are basically making this in line with the Medicare surtax/ net investment tax. That’s $250/200k threshold hasn’t moved, but they have been aggressively moving up the social security limit.

Trying to trick old people into supporting something that will permanently tax younger generations.

ETA: I don’t think the Medicaire surtax hits the employer side, but this is just a disguise at an increased tax rate for high earners that isn’t built into the marginal tax rates.