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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