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To: Wolfie
When push comes to shove, they’re just going to eliminate the cap.

And it doesn't solve the problem.

The Social Security administration has already evaluated this proposal:

Eliminate the taxable maximum in years 2015 and later, and apply full 12.4 percent payroll tax rate to all earnings. Provide benefit credit for earnings above the current-law taxable maximum.

Eliminate the taxable maximum in years 2015 and later, and apply full 12.4 percent payroll tax rate to all earnings. Do not provide benefit credit for earnings above the current-law taxable maximum.

All either proposal does is kick the can down the road a little farther, so that someone else has to deal with it.

24 posted on 04/22/2015 6:49:50 AM PDT by justlurking (tagline removed, as demanded by Admin Moderator)
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To: justlurking

Kicking the can down the road is all it has to do.


47 posted on 04/22/2015 10:46:39 AM PDT by Wolfie
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