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DallasNE

(8,009 posts)

30. Employer SS-Medicare Tax

Reply to BWdem4life (Original post)

Thu Feb 9, 2023, 07:38 PM

Feb 2023

Is also a big driver for companies taking jobs overseas. They just deplore all kinds of taxes.

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I'm a bit slow, but now I realize why there's so much resistance to raising the cap on SS [View all] BWdem4life Feb 2023 OP

K&R 2naSalit Feb 2023 #1

US Chamber represents big business in the US. It's them and others. CousinIT Feb 2023 #2

Everything nasty going on with the repugs has corporate money behind it! overleft Feb 2023 #4

Might be the promise not to raise taxes for people with income under $400,000. karynnj Feb 2023 #3

Yes, raising the cap would raise benefits on upper income folks as well... Wounded Bear Feb 2023 #9

As the law is currently written, lifting the cap would not increase the maximum benefit. Nt Fiendish Thingy Feb 2023 #18

True. Further, if the cap were raised to $1 miilion, SS would NEVER run out of money per an expert.. machoneman Feb 2023 #25

So simple, so sensible... El Mimbreno Feb 2023 #43

OK, that was not my understanding, but I'm not a tax attorney...nt Wounded Bear Feb 2023 #26

This message was self-deleted by its author machoneman Feb 2023 #27

Agreed Rebl2 Feb 2023 #41

Very good. Personally, I consider what the employer pays as part of our wages. LiberalFighter Feb 2023 #5

Absolutely! Especially since pensions are long gone and many employers Trailrider1951 Feb 2023 #13

Employers also consider it part of wages... thesquanderer Feb 2023 #21

Could they raise the cap without requiring employers to match the extra? BlueCheeseAgain Feb 2023 #6

Politics is the art of the possible BWdem4life Feb 2023 #8

This message was self-deleted by its author Chin music Feb 2023 #33

That and individuals don't want to pay more unless they receive more. SYFROYH Feb 2023 #7

Um, you've got cause and effect reversed here relayerbob Feb 2023 #12

You get more if you pay more up to a point. SYFROYH Feb 2023 #35

individual retirees are receiving FAR in excess stopdiggin Feb 2023 #20

Maybe, but if they pay more they don't get more, do they? SYFROYH Feb 2023 #37

why should they? stopdiggin Feb 2023 #40

it's complicated. it's a basic, limited program. it rly needs to stay that. mopinko Feb 2023 #10

Yep relayerbob Feb 2023 #11

This message was self-deleted by its author Chin music Feb 2023 #34

Yup. That's always been the motivating force behind the "kill it!" gang. n/t TygrBright Feb 2023 #14

If a company is paying its higher ups say 400,000.. they can afford to pay their share of the SS.. Peacetrain Feb 2023 #15

This message was self-deleted by its author Chin music Feb 2023 #38

It's also because the maximum benefits wouldn't increase Fiendish Thingy Feb 2023 #16

Yes, but the highly paid employers have a lot more political clout than the highly paid employees do thesquanderer Feb 2023 #19

For many of them, their objection isn't to lifting the cap Fiendish Thingy Feb 2023 #22

Many reasons why they don't like it as a govt program (even though it has been one of the wiggs Feb 2023 #24

If we increased the maximum benefit, which would be fair fescuerescue Feb 2023 #29

If the max benefit were increased, it would reduce the benefit of lifting the cap Fiendish Thingy Feb 2023 #32

Certainly is possible. fescuerescue Feb 2023 #39

K&R onecaliberal Feb 2023 #17

Yes I agree The Jungle 1 Feb 2023 #23

This message was self-deleted by its author fescuerescue Feb 2023 #28

Employer SS-Medicare Tax DallasNE Feb 2023 #30

This message was self-deleted by its author DallasNE Feb 2023 #31

All the stress on the system ymetca Feb 2023 #36

It isn't a birthright Kaleva Feb 2023 #42

If a business can afford to pay salaries over $160,200 dlk Feb 2023 #44