re: #532 ggt

Those with Power don’t need money, they’ll just use yours.

Well, they certainly have a lot more middle class money now. Not so much from the top 2%. As marginal top tax raises have dropped, payroll taxes on the middle class have increased tremendously.

Question:

Why are are Social Security taxes (and the business contribution) capped at salaries above $106,800?

I mean, really, a worker (and his business owner) pay a split total of 12.4%.

But Mr. Banker, who makes $1.2 million per year in salary, pays the same Social Security tax as a GP in a rural community making $106,800?

Really?

That sucks.