September 27, 2007
Social Security Politics
Listening to the presidential bickering, the Social Security shortfall is often spotlighted. Checking up on this political football, we found it is full of hot air. The only problem is that the only taxpayers to pay into it are those making less than $97,500. Those making more get a pass.
All along I thought everyone was paying his or her share. But after doing some checking, it would seem that all want to contribute to the American dream of retirement after 65-years of age. No one knows if they are going to get hired by a government agency and make boatloads of money or hit it rich in corporate America when they first start out. Paying Social Security taxes is part of the game and those making it, especially, should put in their 2-cents (actually it is a 12.4% payroll tax covering the first $97,500 in work income for the year)
Check this out: The whole Social Security shortfall would be eliminated in one simple step. ….And all along I was under the impression everyone was paying their share!












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