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09-23-2010, 03:57 PM #1
Raise cap on Social Security payments
Opinion
Roundup: Raise cap on Social Security payments
It makes no sense that personal income subject to the Social Security tax is capped. Highly paid athletes and CEOs pay only $6,622 yearly toward Social Security. Even raising the ceiling from $106,800 to $200,000 in yearly earnings would add to the fund to help pay benefits.
Where are the jobs for older workers — or even young ones — going to come from? Not all of us are going to make millions of dollars a year.
Arleen Kaizer; Scottsdale, Ariz.
http://www.usatoday.com/news/opinion/le ... _ST2_N.htmNO AMNESTY
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09-23-2010, 04:03 PM #2
As everyone knows, or should know, Social Security was never meant to be any-one's only source of income in their retirement years.
Everyone was supposed to set aside some of their money to take care of themselves in their old age.
Those who don't plan ahead are left holding the bag, and often blame the government for the problems that they cause themselves.NO AMNESTY
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09-23-2010, 04:11 PM #3
I agree. In fact, it should be capped much higher than 200K. That would provide some funds. Also, employers that pay low wages should have to pay extra SS tax towards their employees retirement. My reasoning for this is that, by paying low wages, they are contributing to the lack of funds in the SS system. And many of these employers could afford to pay more, they just dont do it. The extra tax could be based on the employer's gross revenue and other factors. For instance, if their lowest paid employee is making the minimum wage, but their CEO is making billions and has a private jet....hit em with the extra tax. I am not talking about small mom and pop businesses. The large corporations are very top heavy when it comes to paying their employees. And the few at the top suck up all the money...but then the amount they pay is capped. And the lowest paid dont pay much because they are not paid hardly anything. So I say put an extra tax on the companies that have this disparity. They are contributing to draining SS funds.
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09-23-2010, 04:17 PM #4Originally Posted by JohnDoe2Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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09-23-2010, 04:31 PM #5
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Originally Posted by JohnDoe2
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09-23-2010, 04:39 PM #6Originally Posted by alleycatJoin our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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09-23-2010, 05:53 PM #7Originally Posted by alleycatNO AMNESTY
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09-23-2010, 06:03 PM #8Originally Posted by JohnDoe2Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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09-23-2010, 06:27 PM #9
It is not my intention to "put down" anyone.
I'm sorry if you take it that way.
It wasn't 'luck" it was PLANNING.
I intentionally worked jobs that provide a pension for a reason, so it would be there when I wanted it.
I worked a lot of 50 to 60 hour weeks for a lot of years to get to the point that I could retire before my pension or social security could be collected.NO AMNESTY
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09-23-2010, 09:40 PM #10Originally Posted by JohnDoe2Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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