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.

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