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TrollBuster9090

(6,136 posts)

64. Never mind the tax cuts, the problem is the Payroll Tax CAP.

Fri Oct 12, 2012, 04:18 PM

Oct 2012

Payroll taxes are 6% unless you earn more than $106 000 per year, above which it's CAPPED at $6 000.

That means if you earn $100 000 per year you pay $6000, or 6%
If you earn $100 000 000 per year, you still pay $6000 (or 0.006%)
Where I come from, we call a tax that gets SMALLER the more money you make a REGRESSIVE TAX.

We need to get that message out. Social Security could be fixed and made solvent permanently if we simply remove the CAP. In fact.....*snicker*...this would be an example of (to use the Republicans' favorite talking point) ...an example of LOWERING THE RATES AND BROADENING THE BASE.*** If you remove the cap, there might be enough money to go around if you charge everybody a 4% or a 3% tax, instead of just charging the middle class 6% and the financial elite a fraction of a percent.

***Oh, I'm sorry...does the catchphrase "lower the rates and broaden the base" only apply to charging THE POOR more taxes?

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I'm 54 and I could SCREAM when I hear "anyone over 55 doesn't need to worry about Social Security" [View all] Matariki Oct 2012 OP

That's how mittens sharp_stick Oct 2012 #1

The Republicans can't begin to understand that a lot of us care about maddiemom Oct 2012 #76

The millionaires and billionaires need their tax cuts Cali_Democrat Oct 2012 #2

Never mind the tax cuts, the problem is the Payroll Tax CAP. TrollBuster9090 Oct 2012 #64

+1,000,000 OverBurn Oct 2012 #66

Thanks! I don't know why we don't push this idea more. It has traction. TrollBuster9090 Oct 2012 #90

Thank you for putting this clearly. SalviaBlue Oct 2012 #74

Thank you! TrollBuster9090 Oct 2012 #89

COLA this year - cap is at 110k FogerRox Oct 2012 #119

You have the math wrong. LiberalFighter Oct 2012 #127

Social Security is also not broke but the cap should be removed. LiberalFighter Oct 2012 #128

If you want to destroy Social Security... meaculpa2011 Oct 2012 #129

"They'll call it welfare" TrollBuster9090 Oct 2012 #156

I'm 55 & it's a lie. CrispyQ Oct 2012 #3

You bet, it's just a ploy. They're coming for everyone IMO. Young, old and RKP5637 Oct 2012 #13

It's a bunch of "stuff" brush Oct 2012 #55

Exactly!!! "they know that that trillion-dollar pile of money is just sitting there and they know RKP5637 Oct 2012 #59

There is no trillion dollar pile of money. ronnie624 Oct 2012 #142

Yep, maintaining the American empire for the wealthy political elites in this RKP5637 Oct 2012 #145

You are absolutely right. That pile of money is too much of a tempation for them Matariki Oct 2012 #20

Got that right. This 55 stuff is all BS. They're hiding the rest of the deck. MichiganVote Oct 2012 #104

And if the plan is so good RockaFowler Oct 2012 #4

me too, but I am only 50 hfojvt Oct 2012 #5

Bingo brush Oct 2012 #40

Not to worry left-of-center2012 Oct 2012 #6

Before I got covered my health insurance was going to ~$7,000 per year and that was with something RKP5637 Oct 2012 #16

Romney and Bain Capital destroyed Orange Julius, however, and Ikonoklast Oct 2012 #22

That was them? I liked that place. Damn them to hell. nt white_wolf Oct 2012 #52

And that "voucher" won't be worth the paper it would be written on meow2u3 Oct 2012 #32

Not gonna happen. No one is "grandfathered" into anything and people need to be made brewens Oct 2012 #7

It will be a mass revolt and that's their game plan. Damn I hate these F'en people like RKP5637 Oct 2012 #18

That is their game plan. The Wielding Truth Oct 2012 #58

Yep, America to Romney and his ilk is a corporation waiting to be plundered. n/t RKP5637 Oct 2012 #60

And a by-product of their privatizing game plan is for us to be divided over it We People Oct 2012 #110

This message was self-deleted by its author MadDash Oct 2012 #8

Yup, I was born in 1958 and am 54. phylny Oct 2012 #9

Same here and I'm over 55, and I care about everyone. Damn, I hate some of these F'en RKP5637 Oct 2012 #10

I'm 61 and more than a little concerned that their definition of "get what they were promised"... OldDem2012 Oct 2012 #11

If their plan is so great why don't 55-and-older folks get to partake? Arkana Oct 2012 #12

Excellent point that most people would understand. NightOwwl Oct 2012 #109

I hear ya. graywarrior Oct 2012 #14

They believe all the older folks just want to get theirs Mariana Oct 2012 #112

It's bullshit. Seniors are not happy about this. It's so not American! graywarrior Oct 2012 #113

Same here! I'm a year behind you! City Lights Oct 2012 #15

I know. I want to yell out, "I'M RIGHT HERE!" Baitball Blogger Oct 2012 #17

That makes me furious, as well. hamsterjill Oct 2012 #19

It IS an entitlement but they've made that word sound dirty Matariki Oct 2012 #21

I paid into Social Security for over 50 years. RebelOne Oct 2012 #71

Its an asset, not an entitlement. MichiganVote Oct 2012 #106

Don't be ticked off by that term. It IS the very definition of an entitlement. Gormy Cuss Oct 2012 #155

You and me both. ProfessionalLeftist Oct 2012 #23

Forced to pay into it. Not like it was an option. No opting out for anyone. And now the pukes SammyWinstonJack Oct 2012 #130

THIEVES. They want to take SS and give it to f*cking Wall St.! ProfessionalLeftist Oct 2012 #132

If you've paid into it why wouldn't you want it there when you are ready to retire. socialaidem Oct 2012 #24

me to MFM008 Oct 2012 #25

I'm 55 and they will screw both you and me, Matariki Skittles Oct 2012 #26

I know how you feel BainsBane Oct 2012 #27

Me too...I turned 54 this past summer. Ryan says if he has his way I'm screwed. bowens43 Oct 2012 #28

Me too, 1958 was apparently a big year for future DU'ers!!! n/t winstars Oct 2012 #34

54 = born 1958, 20 y/o in 1978, been paying extra into SS for the last 29 years -- why should those HiPointDem Oct 2012 #29

Spot - freakin' - on, HiPointDem suffragette Oct 2012 #42

+1. they expect people not to remember and not to have understood in the first place. HiPointDem Oct 2012 #50

+2 It is divide and conquer again. Live and Learn Oct 2012 #63

It's like they are saying to seniors abelenkpe Oct 2012 #30

DITTO! To every single word of your post! emmadoggy Oct 2012 #75

I agree, 51 here and mad as hell! alimor24 Oct 2012 #138

If R&R cause it to be insolvent like experts predict none of us get what we paid into. VOTE DEM Booster Oct 2012 #31

I wouldn't worry about it MannyGoldstein Oct 2012 #33

I am 55 1/2. HOW DO YOU THINK I FEEL, lol? kestrel91316 Oct 2012 #35

I'm 55 also AnnieK401 Oct 2012 #51

Why aren't you furious as it is? ArcticFox Oct 2012 #79

You are correct! AnnieK401 Oct 2012 #88

Thank goodness ArcticFox Oct 2012 #118

Do you honestly believe that you got in under the wire? alimor24 Oct 2012 #139

Good Point AnnieK401 Oct 2012 #143

I'm 54 and it makes me want to scream too Joey Liberal Oct 2012 #36

I'm 47 and have been paying in for 30 years. It pisses me off to. tk2kewl Oct 2012 #37

Well, I'm fifty-six and I was standing where you are two years ago when they started 1monster Oct 2012 #38

Me, I'm older and wiser. freedom fighter jh Oct 2012 #39

It's not 55 years old...it's 1955.!!!!! RagAss Oct 2012 #41

You got a source for that? freedom fighter jh Oct 2012 #141

The source is the Ryan plan. Have you read it? RagAss Oct 2012 #148

No. nt freedom fighter jh Oct 2012 #153

The Ryan Medicare Plan: Winners and Losers WorseBeforeBetter Oct 2012 #152

I'm wondering if they didn't say "born after 1955" bc when they said that those people were 55 yo. freedom fighter jh Oct 2012 #154

Oh, I'm sure *everything* will become crystal clear during... WorseBeforeBetter Oct 2012 #158

52, but really mad because this is so easy to fix...... daleanime Oct 2012 #43

And that ... 1StrongBlackMan Oct 2012 #44

THIS ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Cha Oct 2012 #48

It boggles my mind that anyone in our age group trusts their retirement to Mitt & Co. eallen Oct 2012 #45

That's because you are a "younger worker". Never mind that 63 used to be retirement age. n/t silvershadow Oct 2012 #46

I'm 62 and I could scream also, to think we could sell out you guys because I got mine shows .... marble falls Oct 2012 #47

I'm 64 and it makes me want to scream too lunatica Oct 2012 #49

It won't effect the seniors now Politicalboi Oct 2012 #53

Right brush Oct 2012 #62

I have children UNDER 55 PatSeg Oct 2012 #54

Oh, but don't you get it? We'll be able to "choose" any plan we want! bluesbassman Oct 2012 #56

I'm 63 (soon to be 64---hats off to Paul McCartney) and it makes me furious, too. Grammy23 Oct 2012 #57

I'm 63 also..... llmart Oct 2012 #85

I forgot to add..... llmart Oct 2012 #86

Divide & Conquer Bigredhunk Oct 2012 #61

They seem to be right ArcticFox Oct 2012 #81

And as soon as they screw the under 55'ers, they will turn around and say n2doc Oct 2012 #65

Yup. No question. MichiganVote Oct 2012 #105

This message was self-deleted by its author AnotherMcIntosh Oct 2012 #67

50 and pissed off. penndragon69 Oct 2012 #68

Needs testing is a bad idea exboyfil Oct 2012 #78

Bad idea. Matariki Oct 2012 #91

It is a tactical split designed to divide support. jtuck004 Oct 2012 #69

Aren't you talking about medicare? Yo_Mama_Been_Loggin Oct 2012 #70

FOX "News" Viewers are in their 70s Spitfire of ATJ Oct 2012 #72

thats what I said maindawg Oct 2012 #73

Yep Sekhmets Daughter Oct 2012 #77

I am 43 chloes1 Oct 2012 #80

I'm 63 and I scream, too wryter2000 Oct 2012 #82

hey I am over 55 and feel the same way hollysmom Oct 2012 #83

I'm 52 and I swear that I can feel my blood pressure elevate... MANative Oct 2012 #84

And too old to save enough to make up for what will be stolen from us... Matariki Oct 2012 #92

I could scream too brightertomorrow Oct 2012 #87

Divide divide divide. I'm 65 and I worry about my kids' safety net Hekate Oct 2012 #93

Im nearly 51 and I feel the same when R and R talk about medicare. Utah_liberal Oct 2012 #94

The current estimate is that social security benefits will be reduced in 2033 ... spin Oct 2012 #95

Spin, thats the intermediate cost scenario, the low cost scenario says SS is good thru 2090 FogerRox Oct 2012 #121

The future of Social Security is complicated. ... spin Oct 2012 #124

i'm 57 barbtries Oct 2012 #96

I'm 51 and I'm getting used to getting the short end of the stick hootinholler Oct 2012 #97

57 next month shanti Oct 2012 #98

You would be 55 by the time it was changed. nt Honeycombe8 Oct 2012 #99

I am 50 and am on Medicare because of a disability Liberalynn Oct 2012 #100

I'm with you! Lint Head Oct 2012 #101

I'm 57 and I don't truest them for a minute BlueStreak Oct 2012 #102

Screwed under-55's would immediately vote to screw over-55's gulliver Oct 2012 #103

No. I really don't think you are correct. Matariki Oct 2012 #114

I definitely do believe it. gulliver Oct 2012 #122

Makes me furious too Lifelong Protester Oct 2012 #107

I'll soon be 61 and I could scream too........ socialist_n_TN Oct 2012 #108

It's not just what you were promised. It's what you've paid for. Mister Ed Oct 2012 #111

Question DonCoquixote Oct 2012 #115

Shit, I'm pissed and I'm all of 42. Codeine Oct 2012 #116

I know! LiberalAndProud Oct 2012 #117

Not far behind you my friend and absolutely furious as well. What's worse is that both sides are Egalitarian Thug Oct 2012 #120

Me too, and I'm almost 49, but it's not a surprise to me. Up2Late Oct 2012 #123

I'm 65 and it makes ME furious too! eridani Oct 2012 #125

I'm 61 and it scares the hell out of me! B Calm Oct 2012 #126

Me too. tblue Oct 2012 #131

I'm 53 and I'm sick of being dismessed as unimportant. WTF we all paid into SS. we can do it Oct 2012 #133

My mom is 54 and she blew up when she heard that. Odin2005 Oct 2012 #134

Maybe someone could explain to me, marezdotes Oct 2012 #135

It makes me furious for my children's sake Daphne08 Oct 2012 #136

Yes, and as soon as they take it away from people under 55 ... Jim__ Oct 2012 #137

yeah. i've been working almost 40 years cause i started as a bus-boy at 14 years old! Mothdust Oct 2012 #140

Whatever goes around, comes around. raging moderate Oct 2012 #144

I'm 51, and agree with you 100%! n/t markpkessinger Oct 2012 #146

I'm 66 and I feel the same way. Blue_In_AK Oct 2012 #147

Boy DU is full of a bunch of old farts eh? OldHippieChick Oct 2012 #149

hell no! 50 s are the new 30 s ! Mothdust Oct 2012 #157

I'm almost 51...and I agree. Nt adigal Oct 2012 #150

Yep, feels like they are pulling the rug out from under you liberal N proud Oct 2012 #151