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View Diary: Take Social Security off the table (159 comments)

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  •  For the record (0+ / 0-)

    The cap in 1990 was 51,300 = 90,827 in 2012 $
    in 2000 76,200 was 76200 = 102,400
    in 2004 87,900 was 87900 = 107,680
    in 2013 113,700

    so jfromga is not correct.

    Am I right, or am I right? - The Singing Detective

    by Clem Yeobright on Tue Nov 13, 2012 at 04:34:18 PM PST

    [ Parent ]

    •  Clem, Clem, Clem (1+ / 0-)
      Recommended by:
      Clem Yeobright

      You posted this comment, saying the same thing as the other person.

      http://www.dailykos.com/...

      Its by %

      Your own link said PERCENT.......

      the percentage of covered earnings that are taxable has decreased from 90% in 1982 to 85% in 2005. The percentage of covered earnings that is taxable is projected to decline to about 83% for 2014 and later.
      1982=90%
      2012=84%

      84% is as low as its been in years.

      You two are saying the same thing using different language. Lets save our energy for the GOP.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Nov 13, 2012 at 05:22:47 PM PST

      [ Parent ]

      •  Hearing you. (1+ / 0-)
        Recommended by:
        Roger Fox

        Joe/Joan from Georgia wrote:

        As I recall, in real dollars, adjusted for inflation, the caps are actually at about the lowest point in a real long time.
        and he/she is wrong. So what?

        You and I have been here before, and I - more than you, to your credit, I suppose - get exasperated when people here post:

        Oh look! Something shiny over there in the trees! It may be gold or silver! Let's tax it! And call it Social Security!
        I'm waiting for the proposal that we tax alcohol and tobacco an additional 6.2% and solve the [non-existent] Social Security problem forever!

        I'm not afraid of our enemies; FSM save us from our friends.

        No?

        Am I right, or am I right? - The Singing Detective

        by Clem Yeobright on Tue Nov 13, 2012 at 05:33:03 PM PST

        [ Parent ]

    •  \ this is what was said (0+ / 0-)
      As I recall, in real dollars, adjusted for inflation, the caps are actually at about the lowest point in a real long time.
      Was that said 100% accurate?   Well maybe not 100%, but its close.

      Today if we taxed at 90% the SS income CAP would be about 186,000. See table 3

      http://aging.senate.gov/...

      But we dont, today the cap is  at about 84%, 110,100.

      The Trustees dont use normal inflation adjustments because they dont account for increased income disparity.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Nov 13, 2012 at 05:52:47 PM PST

      [ Parent ]

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