[leadpenny]

Thanks for posting. For years I have been saying what the author says.

Remove the FICA Cap!

[Kozak]

OH. So then do I get to keep increasing my BENEFIT in this wonderful retirement plan too? Or do I JUST PAY more? Thats your idea of fair right? To turn into a straight welfare, income redistribution plan?

[Blue_Ridge_Mtn_Geek]

Thanks for posting. For years I have been saying what the author says.

Remove the FICA Cap!

---

Fine. Let's also remove the benefits floor, and also cut the FICA tax rate, so that Congress can't continue the scam of "investing" excess FICA revenues in Treasury Bonds that can only be cashed in by further tax revenues from future income tax payers. All of this should crash the system even faster than SSA itself currently projects.
http://www.ssa.gov/OACT/TR/TR03/II_project.html#wp105057
http://www.ssa.gov/OACT/TR/

Not that we have a reliable estimate of the future crash - - just that the projected deficits are severe enough to have reasonable confidence that the system will collapse at some point in the not too distant future:
http://www.cbo.gov/showdoc.cfm?index=3235&sequence=0

[TaxRelief]

Remove the FICA Cap!

Yea! Tax the rich! They can afford it! < / sarcasm

[wireman]

"Remove the FICA Cap!"

Nah! Just remove FICA.

[Axenolith]

What the hell for? Do you think the government will actually wisely spend any more extra money they get? The system was set up and sold as a pay as you go system, so theoretically you should get back what you put in. Since you DON'T, I don't see any reason why higher income earners should be punished some more to make up for the generational ineptitude and corruption of a bunch of pus sucking, windbag politicians. Raise the FICA Ceiling and sure as the sun rises some idiot there will say "See, we DO have enough money to pay benefits to Mexican Nationals!"

I can just hear the murmers of the politicians now in Washington if the FICA ceiling is lifted, it would be "HA!... SUCKERS!"

[americanbychoice]

another Soc. Sec thread for you?
If you would remove the cap, by the way, I don't care one way or the other. Would you be upset that those with higher contributions would receive more soc sec than the average person?
Let me guess................................

[Protagoras]

Remove the FICA Cap!

Raising taxes and wealth redistribution and class warfare are usually practiced by liberals. I guess they have become acceptable for Freepers nowadays.

[cherry]

I think even Barbara Streisland would become a flaming right winger IF SHE HAD TO PAY SOCIAL SECURITY TAX ON ALL OF HER EARNINGS.......

but its so easy to be liberal when you know most of all your income is safe from that automatic 8% drain......

that being said, its not the poor who are being bamboozled....the poor get more money back than they pay in....

its the middle classes that are just beneath the SS threshold but don't get any little presents like the Earned Income Tax Credit, which in my mind, is out right robbery.....

[jackbill]

Thanks for posting. For years I have been saying what the author says.

Remove the FICA Cap!

And you are just as wrong as the author of this drivel. Have you ever heard of the Earned Income Tax Credit? Do you know why the EITC was initiated? It was initiated to reimburse low income taxpayers for the FICA tax that they paid. As presently constituted, it more than reimburses them. Remove the cap? Are you some kind of RAT troll?