General Discussion

Aerows

(39,961 posts) Wed Dec 18, 2013, 10:37 PM Dec 2013

Raise the Social Security cap - over $173,000 per year [View all]

That's the salary of a Congressman. Oh, you mean they might have to feel the blow to keep Social Security and Medicare financially sound? They might have to pay more taxes and take a minor pay cut? OMG. That would be unbelievable. Unspeakable. If you work all of your life at 40,000 a year, you deserve to pay into the system, and then wonder if it will remain solvent (which it will, that's just because Wall Street wants it). If you work 4 years out of your life and make $173,000 a year with platinum health insurance, well, you should only pay into the system what a person making $108,000 a year puts into it. Because, you know, you write the laws.

Raise the cap, and stop leeching off of the American people while saying SS and Medicare is broke.

42 replies

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Raise the Social Security cap - over $173,000 per year [View all] Aerows Dec 2013 OP

NO CAP!!!! n/t Betsy Ross Dec 2013 #1

Even better Aerows Dec 2013 #2

+1! Incitatus Dec 2013 #6

+a whole lot..... daleanime Dec 2013 #27

I know I sound like a broken record Aerows Dec 2013 #3

What good does that do? joeglow3 Dec 2013 #4

Oh my Aerows Dec 2013 #5

And your response explains everything. joeglow3 Dec 2013 #7

As does yours n/t Aerows Dec 2013 #8

Facts can be pesky, huh? joeglow3 Dec 2013 #11

Clearly I hate discussions Aerows Dec 2013 #13

A maximum benefit that is based on earnings joeglow3 Dec 2013 #14

If they can rewrite the law to remove the cap on income subject to the OASDI tax Mariana Dec 2013 #19

And now you turned social security into a welfare program. joeglow3 Dec 2013 #20

........ daleanime Dec 2013 #29

Wow. joeglow3 Dec 2013 #30

You think the rate of return is equal now? The more you put in the more you get but TheKentuckian Dec 2013 #36

There is a maximum benefit Joe tkmorris Dec 2013 #9

Actually, there isn't. joeglow3 Dec 2013 #10

I may be mistaken tkmorris Dec 2013 #32

I loved your last sentence Aerows Dec 2013 #12

There is no cap on benefits, benefits are calculated from earnings FogerRox Dec 2013 #15

After paying for larger benefits, there should be some leftover FogerRox Dec 2013 #16

I'm under the impression that there's a cap on the payout, and that SheilaT Dec 2013 #24

SS payouts are based on your 35 highest earning years joeglow3 Dec 2013 #25

So just raise the cap a whole lot. SheilaT Dec 2013 #34

Perhaps some actual facts are in order. mbperrin Dec 2013 #28

As much as I want/need my SS benefits to increase, raising the cap won't solve the problems with SS. Hoyt Dec 2013 #17

My Social Security contribution has nothing to do with my tax rate. TheKentuckian Dec 2013 #37

If government takes 13% off the top for FICA, that's 13% not available for other things. Hoyt Dec 2013 #38

Again, my tax rate has nothing to do with my Social Security contribution TheKentuckian Dec 2013 #41

But if we needed to increase your income taxes to pay for education, jobs, etc., it wouldn't make Hoyt Dec 2013 #42

Why not just eliminate it outright? 6% and change doesn't impact a person making bluestate10 Dec 2013 #18

It's really twice that 6+%. Right, 13% isn't a big deal for someone making a million, but Hoyt Dec 2013 #21

Maybe there's another way... KennedyBrothers Dec 2013 #22

I really think that is the type thing we need to look at, or combination of that Hoyt Dec 2013 #23

With the extension of the Bush taxcuts for every couple under $450K...? kentuck Dec 2013 #26

Agreed, with the caveat of a maximum benefit. ALSO... cap the Mortgage Deduction. cherokeeprogressive Dec 2013 #31

Ummm, there is a cap on the mortgage deduction. SheilaT Dec 2013 #35

no brainer....nt Old and In the Way Dec 2013 #33

If Congress thinks SS is in such dire straights, then why don't they pay it back? CrispyQ Dec 2013 #39

Exactly Aerows Dec 2013 #40