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View Diary: Barney Frank: Save Social Security by making the near rich pay a little more (146 comments)

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  •  And Rush Limbaugh caps out (0+ / 0-)

    before his first hour of work is done on Jan. 1 of each year.  Just past the first half-hour in fact.

    Assumption 1: The drug-addled gasbag has a $400M annual contract.  I think that's right.

    Assumption 2: The drug-addled gasbag works a 2000-hour year.  That's actually a highly dubious assumption; I suspect it's significantly less.  In which case he caps out well before that first half-hour of work is done on Jan. 1 (okay, Jan. 2, assuming he's back on the air after the legal holiday).

    Those assumptions yield an hourly compensation of $200,000.

    This is a semi-random thought.  If I weren't fatigue-addled myself I'd find a better way of making it on-topic....  but the bottom line, there's no good reason why incomes like this shouldn't be taxed to pay for decent retirements for normal people.

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