Re: Obama in favor of raising social security taxes
From what I can see, this is nothing more than eliminating the income cap above which SS taxes are not paid, which is 97k, coincidentally (or very close to it). That is, you pay SS taxes on every dollar you earn up to 97k, after which, you stop paying SS taxes. Why should there even be an income cap?? That is an arbitrary ceiling and not fair, considering that the wealthy can still collect SS themselves.
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