"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.Via: Scrapthecap.com a project of the WA based EOI (Economic Opportunity Institute)
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."
Wednesday, October 19, 2011
WTF - Old School Rap Video - Scrap The Cap On Social Security
Posted by artistdogboy at 15:03