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Qutzupalotl

(15,860 posts)

14. This proposal is to help fund the system.

Reply to MichMan (Reply #10)

Tue May 5, 2026, 03:32 PM

May 5

The aim is to raise or eliminate the cap on earnings that are subject to SS tax, currently in the low six digits, and adjusted annually. So a billionaire and a mid-level manager currently pay in to the system at the same rate. By raising or eliminating the cap, we would subject more billionaire earnings to SS tax. Payouts would stay coupled to what you paid in.

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OnionPatch

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Highlight:

Graham Platner-REMOVE THE CAP ! [View all] 4bonhoffer May 5 OP

It is a critical message, good for him.. displacedvermoter May 5 #1

I remember Al Franken hammering this point home ALBliberal May 5 #2

Isn't the cap automatically raised every year? Renew Deal May 5 #3

yes, it is. mopinko May 5 #8

That's not the issue. It is about the rich paying their fair share. Bluetus May 5 #9

No, that is *an* issue. We just have alot of issues is this backward country we live in Dave says May 5 #18

Commensurate or absolute? Torchlight May 5 #11

Retitle your post to include the word Social Security. Please. LeftInTX May 5 #4

Yeah, what's he hiding under that hat? druidity33 May 6 #19

From what I've seen during his tv appearances BlueCaliDem May 6 #20

Removing the cap on SS would certainly help, but it's not a 'fix'. Captain Stern May 5 #5

It would significantly improve the program's finances. Emile May 5 #6

Yep - it should be the top line Cosmocat May 5 #7

Will benefits be adjusted accordingly? MichMan May 5 #10

This proposal is to help fund the system. Qutzupalotl May 5 #14

Absolutely! Then the wealthiest MIGHT end up paying around a 17% tax on their obsene income. nt Exp May 5 #12

Don't just remove the cap Miguelito Loveless May 5 #13

I assume that means 401k withdrawals and proceeds from selling a primary residence as well. MichMan May 5 #15

OK, excluding retirement Miguelito Loveless May 5 #16

Apparently I misunderstood what "ALL" meant n/t MichMan May 5 #17