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Message
re: The payroll income cap increases every year. Why is SS going broke?
Posted on 4/3/24 at 6:55 pm to Gifman
Posted on 4/3/24 at 6:55 pm to Gifman
quote:
Eliminating the cap alone might get it back to solvent.
And once again high W2 earners get fricked.
That would be almost a $9k tax increase on someone making $300k and that person is already paying $90k in federal taxes.
The upper middle class always gets squeezed and the truly rich walk away with 20% tax on their cap gains.
1
Posted on 4/3/24 at 7:28 pm to mule74
quote:
The upper middle class always gets squeezed and the truly rich walk away with 20% tax on their cap gains.
This is true. A husbands and wives with professional careers are funding this country.
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