Working Class Household News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Your just like property taxes, you re clear about what they re paying for. with the payroll tax, we know what it s paying for, but i feel there s an obscurity around it. i have to say coming from a working class household, i didn t know that high incomes capped out. i didn t know there was a point at which you stopped paying payroll taxes. you know, the first time i ever earned enough, it was in a november, i was 32. i was like, my check is too big. it should be smaller this month. you re a rare bird. i had no idea that it felt to me like this seemed like the easiest tax base solution. everybody pay all year. consistent with that, the social security administration says if we raise the social security tax to 7.65%, we ll close the gap. so we know that the social security trust fund will top out in 2033 and this will close the fund. there s support for that. the backlash is always, well, we ve got to reform it now. ....

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