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Qutzupalotl

(15,849 posts)

14. This proposal is to help fund the system.

Reply to MichMan (Reply #10)

Tue May 5, 2026, 03:32 PM

Tuesday

The aim is to raise or eliminate the cap on earnings that are subject to SS tax, currently in the low six digits, and adjusted annually. So a billionaire and a mid-level manager currently pay in to the system at the same rate. By raising or eliminating the cap, we would subject more billionaire earnings to SS tax. Payouts would stay coupled to what you paid in.

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OnionPatch

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Highlight:

Graham Platner-REMOVE THE CAP ! [View all] 4bonhoffer Tuesday OP

It is a critical message, good for him.. displacedvermoter Tuesday #1

I remember Al Franken hammering this point home ALBliberal Tuesday #2

Isn't the cap automatically raised every year? Renew Deal Tuesday #3

yes, it is. mopinko Tuesday #8

That's not the issue. It is about the rich paying their fair share. Bluetus Tuesday #9

No, that is *an* issue. We just have alot of issues is this backward country we live in Dave says Tuesday #18

Commensurate or absolute? Torchlight Tuesday #11

Retitle your post to include the word Social Security. Please. LeftInTX Tuesday #4

Yeah, what's he hiding under that hat? druidity33 Wednesday #19

From what I've seen during his tv appearances BlueCaliDem Wednesday #20

Removing the cap on SS would certainly help, but it's not a 'fix'. Captain Stern Tuesday #5

It would significantly improve the program's finances. Emile Tuesday #6

Yep - it should be the top line Cosmocat Tuesday #7

Will benefits be adjusted accordingly? MichMan Tuesday #10

This proposal is to help fund the system. Qutzupalotl Tuesday #14

Absolutely! Then the wealthiest MIGHT end up paying around a 17% tax on their obsene income. nt Exp Tuesday #12

Don't just remove the cap Miguelito Loveless Tuesday #13

I assume that means 401k withdrawals and proceeds from selling a primary residence as well. MichMan Tuesday #15

OK, excluding retirement Miguelito Loveless Tuesday #16

Apparently I misunderstood what "ALL" meant n/t MichMan Tuesday #17