Letter: Social Security tax cap hurts system
They’re saying Social Security will run dry in the near future. The reason is that there is a cap on how much each individual taxpayer pays, meaning millionaires and billionaires pay the same as someone who makes $150,000 a year. The Honolulu Star-Advertiser has published a letter asking that Social Security will not run dry due to a cap on how much each individual taxpayer pays, meaning millionaires and billionaires pay the same as someone who makes $150,000 a year. Without a cap, the government could lower the Social Security tax rate for everyone, meaning more money for everyone except for those who used to reach the cap limit. The author argues that Social Social Security would be solvent if everyone pays their fair share. There can be Social Security for everyone even the young who pay Social Security taxes that help fund those collecting now.
Publicado : hace 12 horas por None en Politics Finance
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They’re saying Social Security will run dry in the near future. The reason is that there is a cap on how much each indiv... [1276 symbols]
Temas: Social Security
