See How It Works!
US123 - Remove the Social Security Wage Cap
| Remove the "wage cap" from Social Security taxes | |
|
|
|
   
|
|
Arguments
Currently, only the first $110,000 of wages are subject to Social Security taxes; removing that "wage cap" would fund Social Security for DECADES to come! (Provided, of course, that we could get Congress to stop using the SS Trust Fund as their own private PIGGY BANK!)
Social Security is an insurance policy for everyone, part of the social safety net. It provides a guaranteed minimum benefit to seniors so that people born into this country don't have to take the chance of not being able to save enough for retirement. It's a premium the rich pay to protect themselves in possible worlds in which they were/are poor.
1 Topic
Discussion
Related Ideas
| If corporations are people, tax them like people More detail | |
|
|
|
|
|
|
| Social Security benefits should continue to grow but the growth rate should be lower for those with higher incomes More detail | |
|
|
|
|
|
|
| Design Social Security to do what it's supposed to do with regular updates More detail | |
|
|
|
|
|
|
| Raise the wage cap on Social Security taxes from $110k/yr to $250k/yr to ensure solvency More detail | |
|
|
|
|
|
|
| Remove the upper-limit cut-off at which point one currently no longer pays payroll tax. More detail | |
|
|
|
|
|
|
| The retirement age for Social Security should be slowly increased to account for increases in longevity More detail | |
|
|
|
|
|
|
Check out the DailyKos discussion
Summary
Plan
Related Ideas