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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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  •  The hell I didn't get hit with a tax!!!! (1+ / 0-)
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    Shane Hensinger

    I make about $300,000 per year.  Not only did the amount to earn to be exempt from social security taxes grow from about $106,000 to $113,000, but since the payroll tax exemption died, that means that I am going to be paying $2400 per year more in social security taxes than I did last year.  Not a gargantuan leap, but these things do become additive.  When you take $10,000 of cash flow net income away, it takes $30,000 to $40,000 of gross income to pay for that.

    I have had no problem paying my fair share, but before we decide to start plundering the $250K to $400K demographic, why wouldn't you raise social security taxes on those making over $1 million including those who live on capital gains?

    Barney Frank has always acted like he was on the side of the middle class, but when digging a bit you find he is deep in the pocket of Wall Street and has been for some time.  

    If you talk about more taxes, why the group from $250 to $400, why not the group above $400?  Nobody wants their ox gored, and mine is already bleeding...leave that bastard alone.

    •  Barney Frank may/may not be for the middle class (0+ / 0-)

      but you are not in the middle class - not even close.  So your opinion about whether or not he is helping the middle class should not be based on what he proposes to do to you.

      Please do not be alarmed. We are about to engage... the nozzle.

      by Terrapin on Tue Jan 08, 2013 at 06:22:46 PM PST

      [ Parent ]

      •  Never claimed to be middle class (0+ / 0-)

        I have worked my ass off to be where I am. My point is that people don't think about the pre tax earnings necessary to pay increased taxes, no matter the income.  I am already paying $2400 more per year, right now.  How much more do you think I should pay? $10k, $20K and why?  

        Frank is very disengenuous to target this segment instead of people making over $450K.

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