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View Diary: The “Chained CPI” Cut – “If You Can’t Dazzle Them With Brilliance . . .” (262 comments)

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  •  I wanted to raise the cap, too, to extend from (2+ / 0-)
    Recommended by:
    The Hamlet, Argyrios

    what it is now.

    That was until a friend who made a lot more money than I do convinced me otherwise.

    He explained that his income was based on his work product throughout the year.  And his paycheck was X through a certain month, but if he did Y, he'd get an early bonus in March which would meet his cap, and so he didn't have to pay into SS the rest of the year.

    I maybe explained that not as well as I could.

    Anyway, his idea was to keep the cap as it is, but add that when one makes a million dollars, then they have to start paying into it again.  The percentage can be negotiated.

    THAT'S a compromise.

    •  Back when he was on the radio (2+ / 0-)
      Recommended by:
      The Hamlet, gooderservice

      Al Franken proposed something similar: readjust the cap to historical levels for inflation, cap thru income of $3 million charged at zero, all income above $3M charged SS tax.

      Hige sceal þe heardra, heorte þe cenre, mod sceal þe mare, þe ure mægen lytlað

      by milkbone on Thu Dec 20, 2012 at 02:31:59 PM PST

      [ Parent ]

      •  I can actually understand someone making 200K (2+ / 0-)
        Recommended by:
        elwior, Argyrios

        and budgeting accordingly, that when they no longer have to pay into SS once they've met the cap being happy about that, i.e., having more money in their paycheck.

        So the compromise would be to stop paying into SS where the cap is now, and then a few or many tens of thousands of dollars later, then resume paying into it.  

        •  And I can understand someone on SS (3+ / 0-)

          budgeting accordingly.   I continue to fail to see why we are so tender hearted towards people earning over $200K while at the same time believing someone getting $20K in Social Security can just tighten their belt.

          I reject one cent in Social Security benefit cuts until there is real sacrifice by the well off.  These tax increases are a joke.  They don't touch even the top 5% of Americans and even then they are no real sacrifice.

          I don't want to hear about deficits or safety net cuts if no one is serious about taxing the people who are currently earning at a level that leaves them with discretionary income.  

          There is no balance in any of proposed bills.

      •  Well where is he now?? (0+ / 0-)

        Oh, I know holding fund raisers for his campaign.

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