Raising taxes is not a solution because business pays half the tax as it stands now.
“”””Raising taxes is not a solution because business pays half the tax as it stands now.””””
That only applies to those who work for someone else.
“Raising taxes is not a solution because business pays half the tax as it stands now.”
That’s like say no raise of taxes or any kind in any way, no how.
That sounds nice but its not a solution to the SS funding probem, that problem is just too big. It cannot be squared with changes to SS or taxs, or both.
True. But they still would. I’m sure it’s going to 250K. That will save another ten years. They might add 70 as the new retirement age starting with 1980 or 1990 and beyond. It must be done. I was pissed Reagan raised my age to 67. But that’s life.
“Raising taxes is not a solution because business pays half the tax as it stands now.”
The true economic incidence of the FICA payroll tax is entirely on workers since it is passed on in the form of lower wages.