Wednesday, October 19, 2011

WTF - Old School Rap Video - Scrap The Cap On Social Security



"Right now, everyone pays Social Security taxes on the first $106,800 they earn, which means most people pay Social Security taxes on their whole paycheck. But since $106,800 is the cap (unless Congress acts to change it), a whole lot of wealthy people don’t pay a dime in Social Security taxes on most of what they make.

Not to get all parental - it's your life - but this is important stuff. Because unless you tell Congress to "Just Scrap the Cap," they could cut Social Security benefits -- and we might be movin' in."
Via: Scrapthecap.com a project of the WA based EOI (Economic Opportunity Institute)

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