It is time to have ALL income taxed for Social Security, not just the income below $106,800.00. This will ensure its continued solvency, end the regressive nature of the tax, and allow for a substantial reduction in the actual tax rate itself.
Why is this important?
It is time to make sure Social Security is both fair, and properly funded. It is time to have ALL income taxed for Social Security, not just the income below $106,800.00. This will end the regressive nature of the tax: Now, those who can least afford it are the ones responsible for funding it. And taxing ALL income will allow for a substantial reduction in the actual tax rate.
