Biden tax plan...

[Mike Kennedy]

"Currently earnings above $132,900 are not subject to Social Security or Medicare taxation. I would uncap it so that all earned income regardless of the amount would be subject to both taxes, continuing the same rates and also requiring the employer's match"

Absolutely Correct.

 

[DTB]

"Currently earnings above $132,900 are not subject to Social Security or Medicare taxation. I would uncap it so that all earned income regardless of the amount would be subject to both taxes, continuing the same rates and also requiring the employer's match"

Absolutely Correct.

Better make sure the benefits are never subjected to means testing.

 

[Terrel L. Shields]

'll take mine in Manhattan with Eva.

Singing the theme to "Green Acres" only to the tune of "Moon River"...






tried it, didn't ya?

 

[Fernando]

Social Security department came out with figures that half of Americans earn less than $35,000.
That seems low. One doesn't pay that much Federal and State taxes on $35,000.
No wonder government trying to get more money from the higher income brackets.

 

[DTB]

Social Security department came out with figures that half of Americans earn less than $35,000.
That seems low. One doesn't pay that much Federal and State taxes on $35,000.
No wonder government trying to get more money from the higher income brackets.

Can't EVER cut anything, why is it always higher, bigger, more, more, more?

 

[J Grant]

Why?
Will that working person add more back to the economy than the rich corporation? Or is it always about feelings?

The working person contributes to economy by being a consumer as well as worker -and a tax break gives them more $ to put back in the local economy

Some workers pay far more taxes than the wealthy we just saw it in our own president - (who loved to stiff the workers/not pay the contractors on his building projects he was well known for it )

 

[TMG]

That's nice but won't really help here when most homes are over $1,000,000.
Also, there's low inventory and so it won't help buyers.

Political promises don't really have to work, or even get implemented. It's the thought that counts.

 

[DTB]

The working person contributes to economy by being a consumer as well as worker -and a tax break gives them more $ to put back in the local economy

Some workers pay far more taxes than the wealthy we just saw it in our own president - (who loved to stiff the workers/not pay the contractors on his building projects he was well known for it )

Don't be silly and fixated with one line on a Federal Tax Return.

Do you really think someone making 35K contributes more in taxes and general economic benefit than someone making say 350K? If you do, let's see the numbers.

 

[Michigan CG]

The working person contributes to economy by being a consumer as well as worker -and a tax break gives them more $ to put back in the local economy

A family of four making $60,000 pays virtually no income taxes. My wife and I pay more than the median family income in taxes. I pay my fair share and am tired of people saying otherwise.

 

[Fernando]

It's all relative. If I say I pay 6 digit figures in taxes, then I see everyone not paying their fair share.