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View Diary: Take Social Security off the table (159 comments)

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  •  What if Other Forms of Income Paid SS Tax? (1+ / 0-)
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    Interest and cap gains for example.

    What's the funding potential; might payroll tax actually be able to come down?

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Tue Nov 13, 2012 at 12:42:52 PM PST

    •  For a lot of retirees, that would rob peter to pay (1+ / 0-)
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      paul peter. Unless the rate was graduated based on income.

      Moderation in most things.

      by billmosby on Tue Nov 13, 2012 at 12:47:09 PM PST

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    •  SS is not broken, the economy is (1+ / 0-)
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      Remember the Earned Income tax credit..... We got it because it addressed the regressivity of FICA.

      Payroll tax coming down, we need to look at 2062, thats when the SS Actuaries say us Boomers will be dead, they predict that assets will climb after 2062 in the 2012 low cost scenario.

      We need 25 million jobs, that is a lot FICA that the Trust Fund is not getting because our Gov refuses to invest in job creation at numbers that are remotely realistic.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Nov 13, 2012 at 02:41:40 PM PST

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