Sabtu, 10 Desember 2016

How to Fund Social Security Without Cutting Benefits - Close the Loophole

It pains me, as a 64 year old fully working American not on Social Security to see that Republicans want to cut Social Security benefits. People like me have been paying Social Security taxes for 50 years or more.

What these politicians don't tell Americans is that people with higher incomes pay proportionally less tax than lower income Americans. Americans earning more than $118,500 in 2016 stop paying Social Security taxes on income over that amount. Plenty of Americans earn more than $118,500, some as much as millions of dollars. We could use those additional tax dollars, without increasing maximum benefits.

I do not understand why taxing Americans on all of their earned income never comes up. Oh right, I forgot, we can't tax the rich because ... why?  The thought of millions of Americans dependent on Social Security getting screwed is distressing. I guess these particular Republican Congressmen, with their government pensions and salaries and health care, funded by taxpayers, really don't care about the rest of us.

Related Posts:

  • Being an Honorable Person - 6 East Rules (Reprint from October 27, 2009) Being an Honorable Person - 6 Easy RulesI wrote this post back in 2009.  We are on the last day of 2016, and I hope I can live by these guidelines in the coming year:I am going to take a little departure from talking abo… Read More
  • Older or Younger - Who Is better?In Missouri, state court judges are required to retire at age 70. Yet, our new President-elect will be beginning his term at the age of 70. Bernie Sanders is 74, the age at which most people have long-since retired. Employers… Read More
  • IMPLICIT BIAS - IAT: What is it?Very few people want to be called a racist or a sexist or an ageist. Whenwe hear those insulting terms, we bristle, and for good reason. We all like to think of ourselves as fair people. Most of us are not explicitly biased o… Read More
  • Women - Tired of being bossed around? 7 RulesWomen still struggle - while completing the lion's Share of domestic duties, and being relegated to jobs as "assistant" to a man, working to be the boss but stymied by the boys' club, or penalized for being a mother. Women's … Read More
  • We Need More Women Lawyers Trying Civil CasesCarrie Fisher, who famously portrayed Princess Leia, once said, "You are only as sick as your secrets."  A psychodramatist I know put it this way, "If you can't talk about it, "it" is out of control."One of the reasons t… Read More