Candidate Paul Hackett wants to increase middle-class Social Security taxes by up to $7,440 per year
From Hackett's web site:
At the 12.4% rate (6.2% employer + 6.2% employee) that can be as much as an additional $7,440 (12.4% * 60,000) on middle-class Ohioans. If no additional benefits are included with this increase that's tantamount to stealing. Besides that, Raising the Social Security Payroll Tax Cap Does Not Fix Social Security.
...instead of capping Social Security taxes at $90,000 of income, let’s kick that number up to $150,000. (I’d like to take credit for the idea, but Warren Buffet thought of it first.) This simple step would eliminate much of the Social Security shortfall.
At the 12.4% rate (6.2% employer + 6.2% employee) that can be as much as an additional $7,440 (12.4% * 60,000) on middle-class Ohioans. If no additional benefits are included with this increase that's tantamount to stealing. Besides that, Raising the Social Security Payroll Tax Cap Does Not Fix Social Security.
1 Comments:
Are you surprised? This guy is just Charles Sanders wrapped up in a flag.
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