Possible fixes for the Social Security Program

. Giving more money to politicians rather than leaving it in the hands of the producers of that money is fascism. Government knows best and loves you right?

 

Where did you get this plan?

 

are you still confused?

you should not be rewarded with a tax cut for making more dollars, the making more dollars was the reward

 

Republican love raising the debt and spending... but they don't want the rich to pay their fair share of the bill

 

not sure, heard it a few years ago, but it would work, but we should of done ealier

 

So basically republicans think the people with kids barely making it by should pay for your retirement so that they don't have to work as long? What about when they retire?

I think the people looking to retire are the ones who created the government we have today and put in the people who mismanaged their retirement. The people who are retiring will just have to lay in the bed they made.

 

Well I asked because I would like to read a more detailed explanation of it, because from your description I don't really understand it. As it is, my position, to raise FICA enough to keep SS doomsday a decade away, is simpler and more likely to pass a divided Congress than some sort of rehauling of the program.

 

IF "Republicans love increasing the debt" how coming Obama and Biden have score a total of eight trillion dollar deficits while Trump rang up only on during a national emergency? As far as spending I suggest you compare the average size of Biden's budgets to Trump's or Bush's.

 

LOL, 95% of Americans that actual PAY income tax got a reduction.

 

the 2% bracket is created to account for raising the cap

there is already a 90%,32%,15% bend point, would just be adding a 2%

 

Trump raised the debt almost as much as Obama, but Trump did it in half the time... only 4 years

 

not as big as the 1%

 

The "1%" pay a huge percentage of the total.

 

No, he didn't.

 

the 1% pay less tax per dollar they earn

 

Nope. Their effective tax rate is far higher.

 

the amount they pay per dollar is lower

 

The percentage of income they pay is higher; whatever BS you're trying to sell - it's BS.

 

the percentage PER DOLLAR is lower, that is just fact

 

Nope. Tax is assessed PET DOLLAR based on a rate according to your income.

 

only labored income... the income you do not labor for is taxed much lower

and the 1% do not pay the social security tax for every dollar they warn, 90+% of Americans do

 

FINALLY. Was that hard? You're correct only the bottom 93% pay full FICA.

 

that is what I have said all along, you finally on board and agree with me?

 

As I said above about 7% pay a slightly less percentage for their FICA. Which is more than made up for by higher rackets for income tax.

 

The issue is that S.S. is not an ordinary tax. The idea behind it is (or was) that you get back what you paid in.

What that means is even if the cap were completely eliminated, let's say, and the wealthiest were taxed on all of their earnings, that still would not do anything to make S.S. more solvent, or solve the deficit.

What you are talking about, I suspect, is taxing them, but not giving them that money back.
As I previously explained, you might as well just increase the ordinary income taxes on them, because categorizing that as an S.S. tax is just semantics and name calling, at that point.