The Market Ticker - Social Security: The Panoply of Lies
The obfuscation and willful disregard exposed here is outrageous — and dangerous.
The Social Security 2100 Act would fund these expanded benefits in two ways. First, the 12.4 percent Social Security payroll tax – which is already the biggest tax paid by most households – would be increased to 14.8 percent over the next 24 years. That’s a nearly one-fifth increase in the payroll taxes deducted from each working family’s paycheck, money they use to pay bills and save for the future.
Second, the Social Security 2100 Act would phase out the wage ceiling on which payroll taxes apply. This payroll tax ceiling, which has existed since Social Security was founded by President Franklin D Roosevelt in 1935, exists…….
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Source: https://www.market-ticker.org/akcs-www?post=235141
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