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AnotherMcIntosh

(11,064 posts)

8. The cap needs to be lifted not just on payrolls but also on the type of income.

Reply to WillyT (Original post)

Tue Apr 9, 2013, 04:29 PM

Apr 2013

When the rich and super-rich make most of their money through capital gains, their capital gains should also be subject to Social Security taxes (aka self-employment taxes for the self-employed).

There is no good reason for exempting income for the super-rich based upon a category. This is especially true when the special treatment is applied to income which they did not earn.

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Social Security�s Needed Expansion - By Katrina Vanden Heuvel - WaPo [View all] WillyT Apr 2013 OP

lift the payroll cap to make Social Security financially stable. Vincardog Apr 2013 #1

Oh, only a marginalized whacko like Bernie Sanders would fight for that... WhaTHellsgoingonhere Apr 2013 #4

This wacko would like to see them lower the retirement age to 45 and raise the benefit. Vincardog Apr 2013 #5

I'm Right There With You...Especially Since The "System" Seems To Be... WillyT Apr 2013 #6

Thank you, Katrina. And thank you, WillyT. nt antigop Apr 2013 #2

You Are Quite Welcome !!! WillyT Apr 2013 #3

K&R forestpath Apr 2013 #7

The cap needs to be lifted not just on payrolls but also on the type of income. AnotherMcIntosh Apr 2013 #8

Kick !!! WillyT Apr 2013 #9

Last Kick From Me... WillyT Apr 2013 #10