Quote:
Originally Posted by strandinthewind
Note - that the SS payroll tax stops at like $95,000 is assinine. If they would get rid of that limit, SS could be funded.
|
Agreed. I also think it should be means tested. I mean, if you make more than $50,000 at retirement age, do you really need it? I just think the timing would be REALLY bad for a payroll tax hike. Also, there should be some sort of consideration for businesses, as they would have to cough up half of the extra cash needed to fund the increase. It would mean lower wages for everyone. It should be phased in slowly, so it doesn't cripple our economy if it is to be done.