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re: Social Security recipients to receive 3/4 payouts by 2035
Posted on 4/23/19 at 8:30 am to Revelator
Posted on 4/23/19 at 8:30 am to Revelator
Here's a puzzler for our Marxist countrymen: if you're so concerned about giving the wealthy financial breaks, why is there a salary ceiling on social security contributions, and why do Democratic congressmen never say anything about it?
This year the limit is $132,900. Anything earned over that is not subject to SS contributions.
This year the limit is $132,900. Anything earned over that is not subject to SS contributions.
This post was edited on 4/23/19 at 8:36 am
1
Posted on 4/23/19 at 8:35 am to TheHarahanian
quote:
why is there a salary ceiling on social security contributions, and why do Democratic congressmen never say anything about it?
Be careful with this - they'll lift the cap on wages, but enforce a cap on benefits. That's even more Marxism.
And the "rich" still won't pay more because they don't rely on ordinary income (like the middle class do, even the upper middle class). So, this will be yet another tax on the middle class for which they will receive a negative return.
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