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View Diary: Barney Frank: Save Social Security by making the near rich pay a little more (146 comments)

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  •  No cap for anyone (2+ / 0-)
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    Laconic Lib, No Exit

    We all benefit from SS. We should all be paying in and, likely, paying more. It's all of our responsibility.

    •  There's a cap on benefits (5+ / 0-)

      I have extreme liberal views but I sympathize with people making more than $450,000 per year paying $64,000 per year in payroll taxes for a maximum $30,156 yearly benefit.  

      Ok, I don't sympathize THAT MUCH, but that's the logic behind the payroll cap.  I say raise the maximum benefit amount at the same time the payroll cap is raised.

      NO, they don't have to match - I'm perfectly fine with some people paying more in payroll taxes than they receive in benefits but there should be a limit of some sort.  Almost any limit is good, $1,000,000 per year?  I don't know, but there are smart people who understand these sorts of things that can come up with a fair and equitable number, greater than the current $110,000 cap and $2,513 maximum benefit.

      And I'm sick and tired of people who make their income from stocks and other capital gains getting a tax break. Capital gains over $250,000 per year should be taxed at the normal tax rates at minimum.  This special 15% rate is horseshit.

      [Terrorists] are a dime a dozen, they are all over the world and for every one we lock up there will be three to take his place. --Digby

      by rabel on Tue Jan 08, 2013 at 04:59:52 PM PST

      [ Parent ]

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