Skip to main content

View Diary: Eliminating the Payroll Tax Cap Would Guarantee the Solvency of Social Security (30 comments)

Comment Preferences

  •  Good question (1+ / 0-)
    Recommended by:
    Words In Action

    The problem with this solution, I suspect, is that while it wouldn't really affect high earners, who are still going to be capped at present levels since their combined income is well over the cap, it would dig into middle class workers earning below the cap, hurting them and perhaps discouraging investment. So I'm not sure if this is a good solution unless we have a separate "payroll" tax for non-earned income, with a floor to protect lower income earners.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sun Mar 10, 2013 at 09:06:49 PM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site