Cap off contribution. Benefits should have means test.

Current Events » in reply to What the heck is a "proportionate amount?"

David F Mayer — 4/18/2005 2:49:49 PM (archived)

The MYTH is that SS taxes go to support retirees.

In other words, if you make 1,000,000 a year, you will pay 120,000 for SS taxes and will get NO increase in benefits when you retire. That is the only way to fund SS that will work.

The whole thread (13 posts)

"April 15th: You're getting screwed - Tax changes that missed the headlines impact your bottom line" - Bowser - 4/16/2005 6:57:28 PM
- The key is the "Social Security" + "Payroll Tax" combination - David F Mayer - 4/17/2005 5:34:56 AM
  - What the heck is a "proportionate amount?" - Tom Brosz - 4/18/2005 12:45:58 AM
    - Cap off contribution. Benefits should have means test. - David F Mayer - 4/18/2005 2:49:49 PM
    - re: I think that is exactly what he is proposing... I would go a step farther... - Scott Evil - 4/18/2005 1:22:57 PM
      - One problem with your idea - Larry J - 4/18/2005 6:51:46 PM
        
        So let them rich SOB's sell their property and move to the hills of Kentucky where the cost of living is much less! - Scott Evil - 4/19/2005 5:46:57 PM
- The key words here, of course, are "share of their incomes." - Tom Brosz - 4/16/2005 7:22:31 PM
  - The Man said - "some of the people ALL of the time". - Bowser - 4/17/2005 3:21:16 AM
    - Numbers are numbers. - Tom Brosz - 4/17/2005 3:50:57 AM
  - BTW... - Tom Brosz - 4/16/2005 7:38:53 PM
    - But those are facts Tom, we're ranting ideology here... Arf! (n/t) - p - 4/16/2005 8:26:51 PM
      - You are a caution, Phil. Good one!!!! (n/t) - Bowser - 4/19/2005 6:45:23 AM

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