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The Magistrate

(95,243 posts)

12. Short Answer, Ma'am? I Do Not Know...

Reply to CTyankee (Reply #9)

Thu Nov 15, 2012, 11:17 AM

Nov 2012

Removing the cap would be the quickest and in my view most equitable 'fix' for the system. Personally, I would like to see a surcharge on the capital gains tax levied, and dedicated to the Social Security fund....

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Can the cap on income subject to SS be lifted without a Supreme Court challenge? [View all] CTyankee Nov 2012 OP

what would the constitutional argument against it be? unblock Nov 2012 #1

I really don't know specifically, but they could claim that it treats them unequally under the CTyankee Nov 2012 #3

there is NO guaranteed linkage between payments in and future benefits out. unblock Nov 2012 #23

I don't know JustAnotherGen Nov 2012 #2

Per the Supreme Court Congress has complete control of the matter. n/t PoliticAverse Nov 2012 #4

Even if the system changes materially and has an unequal impact on taxpayers? CTyankee Nov 2012 #7

It has... PoliticAverse Nov 2012 #22

The cap is set by law SCantiGOP Nov 2012 #5

Hard To See What Grounds It Could Be Challenged On, Ma'am The Magistrate Nov 2012 #6

That makes sense. So my question to you is "why hasn't this been suggested/tried?" CTyankee Nov 2012 #9

Short Answer, Ma'am? I Do Not Know... The Magistrate Nov 2012 #12

Well, lifting the cap would be a start. I think we need to get the ball rolling on this, though. CTyankee Nov 2012 #15

Of course it could, SS has passed Constitutional muster several times. The reasons the President Egalitarian Thug Nov 2012 #8

I understand. But liberals agree that we do need a long term fix at some point. CTyankee Nov 2012 #10

When you say liberals agree, what they are really doing is simply nodding their heads in Egalitarian Thug Nov 2012 #24

It would be foolish ... GeorgeGist Nov 2012 #25

I didn't write that 5 years is a long time. I wrote that 5 years is about as long as you Egalitarian Thug Nov 2012 #26

What is the current Zo Zig Nov 2012 #11

I believe it's 110,000 Champion Jack Nov 2012 #13

$113,700 in 2013, up from $110,100 k8conant Nov 2012 #16

Congress just needs to change SS payroll tax limit wishlist Nov 2012 #14

Yes, I had Justice Roberts "doctrine" on the ACA in the back of my mind when posting this. CTyankee Nov 2012 #17

I don't pay into SS as I'm a public employee in MO., I pay into PERS glacierbay Nov 2012 #18

While I am not dead set opposed to raising the cap Warren Stupidity Nov 2012 #19

Without the cap, solvency of SS is assured rocktivity Nov 2012 #20

If an increase would draw a challenge, the same case could be made against the current cap TheKentuckian Nov 2012 #21