Everybody who earns an income pays FICA taxes.
If you work at a fast food joint and earn $15K per year you are paying that on every last penny of your income.
If someone comes to you with the argument that amounts above $124K shouldn’t pay the FICA it falls on deaf ears.
Democrats will win this one by the numbers. That’s all I’m saying.
“Democrats will win this one by the numbers. That’s all I’m saying.”
They will if people don’t understand it. The point is supposed to be that what you pay into social security should reflect what you eventually take out in some measure. It’s probably somewhere in the charter. Obviously, beyond a certain amount paid in, you are not going to get anything more back - thus is ceases to comply with the basic premise of social security.
That won’t stop them, but it is an argument that has to be spelled out.