February 04, 2005
69% Want to End Income Cap on SS Taxes
What's the most popular solution to fix any problems in social security?
According to a new poll, cutting benefits or raising the retirement age are overwhelmingly opposed. But 69% support the idea of raising the $90,000 annual income cap on who pays social security taxes.
To sell it politically, progressives should promote immediately requiring that the employer side of all wages above $90,000 be taxed, then implement the employee side very gradually over the next few decades.
Posted by Nathan at February 4, 2005 11:08 AM