Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

dlk

(11,425 posts)
37. If the Social Security income tax cap of $137,700 were removed, a lot of problems would be solved
Thu Dec 31, 2020, 05:59 PM
Dec 2020

It makes no sense the richest Americans pay the least.

Would be fine with me as I continue to work, but don't think it will happen anytime soon. Hoyt Dec 2020 #1
At a minimum the levels ought to be COLA annually Voltaire2 Dec 2020 #2
And reinstate the pre-St Reagan wealth tax! SheltieLover Dec 2020 #3
Many people also don't know that pretty much all interest paid on consumer debt Trailrider1951 Dec 2020 #4
Yep. Especially when it comes to credit card debt stopbush Dec 2020 #5
Trump had home debt go away also. Trump Raise my taxes too !!! 🤬🤬 uponit7771 Dec 2020 #9
Not accurate SCantiGOP Dec 2020 #14
Not accurate relative to context, I can't deduct my mortgage interest if I pay for my car with it uponit7771 Dec 2020 #32
Increasing the Standard Deduction was bait and switch winagawaukee Dec 2020 #34
"Trump Tax bill took away the Personal Exemptions" fleabiscuit Jan 2021 #41
Math! Moral Compass Dec 2020 #31
What is the rationale for taking money away from procon Dec 2020 #6
It keeps the poor competing against each other in a viscious rat race for simple survival, Celerity Dec 2020 #10
Those are the effects, but I think conservatives really KPN Dec 2020 #29
Thanks for this. That the UK and US have low upward rates isn't incidental but part of ancianita Dec 2020 #30
love to see this horrid subpart d to go away as well. AllaN01Bear Dec 2020 #7
We need to be a big tent party to get that, imo. gulliver Dec 2020 #8
isn;t funny the GOP, the party of "taxcuts" have never OFFERED in all these years, to "untax" beachbumbob Dec 2020 #11
Because Republicans are too busy stuffing IOUs into the Trust Fund to pay for Wealthy Elite taxcuts. WyattKansas Dec 2020 #33
It wouldn't help me as I don't get enough on SSDI to pay income tax. Kaleva Dec 2020 #12
Democrats could do well in fighting for that. David__77 Dec 2020 #13
The legislation taxing unemployment benefits and Social Security had broad bipartisan support onenote Dec 2020 #15
I agree they shouldn't tax Unemployment SCantiGOP Dec 2020 #16
Doesn't the Social Security tax hit harder on the wealthy? It might not be the best time to end pnwmom Dec 2020 #17
That's one of the biggest problems we have with tax issues -- people really don't know the facts. Hoyt Dec 2020 #22
If you consider 34,000 a year 'wealthy' then sure. Voltaire2 Dec 2020 #36
GHW Bush actually called Reagan's tax policies "Voodoo Economics" OMGWTF Dec 2020 #18
Yes, it is time blue-wave Dec 2020 #19
K n R ! Thanks for posting! nt JoeOtterbein Dec 2020 #20
I'm down with that! Cozmo Dec 2020 #21
Spot on Traildogbob Dec 2020 #23
So THAT'S when it all started -- thank you for the great historical refresher! ancianita Dec 2020 #24
Time to go back to the 1982 top marginal tax rate of 50 percent. roamer65 Dec 2020 #25
I'll agree 100% with that! n/t RocRizzo55 Dec 2020 #28
Yepper spot on................ turbinetree Dec 2020 #26
I've been waiting a long time BootinUp Dec 2020 #27
I remember that asshole saying wryter2000 Dec 2020 #35
If the Social Security income tax cap of $137,700 were removed, a lot of problems would be solved dlk Dec 2020 #37
the question here quaker bill Dec 2020 #38
I also think if you have been paying your student loans for 20 plus years and have not been able to smirkymonkey Dec 2020 #39
Rotten Ronnie started a lot of the shit we continue to have to slog through. Hermit-The-Prog Dec 2020 #40
Latest Discussions»General Discussion»Time to repeal Reagan's t...»Reply #37