General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsToday is Social Security's 78th birthday.
Today, February 10, marks the day when the top one percent of wage earners in America stop paying into Social Security. This is because, right now, only the first $118,500 of a wage earners income is subject to the payroll tax that funds Social Security.
Stand with me and Social Security Works in demanding that millionaires and billionaires start paying their fair into Social Security. When they do, we will be able to expand, not cut, benefits for millions of Americans.
To recognize this day when millionaires and billionaires stop paying into Social Security and to respond to attacks from my colleagues on our earned Social Security benefits, I am holding a briefing with Social Security Works co-founder Nancy Altman and the Strengthen Social Security Coalition.
The briefing will focus on rising inequality in America and its impact on Social Security. Due to stagnant wages, 94 percent of Americans pay Social Security tax on all of their income, but the wealthiest 6 percent do not. We must reverse this trend for the future or our economy and the future of Social Security.
From Senator Bernie Sander's newsletter on behalf of Social Security Works and Strengthen Social Security.
I do not have a link because it is from an e-mail.
But here are websites associated with this quote.
http://www.strengthensocialsecurity.org/
http://www.sanders.senate.gov/
TBF
(32,062 posts)issues, and so would NO LIMIT on how much of a wage earner's income should be subject to the payroll tax.
I say this as someone who has a higher household income & is still paying student loans back. It is the right thing to do.
JDPriestly
(57,936 posts)ND-Dem
(4,571 posts)Historic NY
(37,449 posts)Octafish
(55,745 posts)...or amount of taxes paid, so they can live life well as citizens of the world's wealthiest nation.