Quote:
Originally Posted by d-ray657
Consider the top marginal income tax rate, then subtract 7% from it to account for the social security discount that is provided to approximately 7% of incomes. ( Ninety-three percent of incomes are less than $100K) Essentially, we are asking 93% of the people to protect the tax rate of the top 2%.
Regards,
D-Ray
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Why should they pay more SS beyond the 100k limit. They will certainly not get that back out of the system. I remember SS being implemented merely as a supplement to income and not a retirement system. BTW, those paying at the 100k level are still paying more per person than the rest. Do you want to do anything about the bottom half that pays no federal income tax? What is a "fair share" and who determines this? What ought be the limit to government spending?