How Do We Save Social Security? Eliminate the Payroll Cap


by United for a Fair Economy on Oct 30, 2013 | Views: 145 | Score: 0
% of Income Paid toward Social Security
$20,0006.2
$40,0006.2
$80,0006.2
$110,1006.2
$220,0203.1
$440,4001.6
$506,0001.3
$1,000,0000.7
$10,000,0000.07
$20,000,0000.03
Annual Income
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United for a Fair Economy
United for a Fair Economy on Oct 30, 2013 6:14 PM said:

Every worker pays social security taxes on their earned income, but there is no tax on annual pay above $113,700. Of those workers with earnings above that amount, 100% are high income, roughly 81% are white, and 77% are men. Those who can most afford to contribute to the social security pot are given an unneccesary and costly free ride.