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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » The Savings to Social Sec... » Reply #12

Response to RC (Reply #4)

Sat Nov 17, 2012, 01:26 PM

12. So if I'm sitting on a multi-million dollar investment portfolio

and receiving a six-figure income from those investments, should I be able to collect Social Security when I retire?

Remember that we already (sort of) means test Social Security by allowing a single person w/ less that $25K income to not pay taxes on their benefits, and then have a sliding scale under which up to 85% of the benefits are taxable.

Would you be opposed to raising the taxable amount (and the tax rate) on those seniors who are (frankly) fabulously wealthy and clearly not in need of Social Security benefits? I'm talking about the elderly one-percenters. Nobody else.

Note: Donald Trump is old enough to collect Social Security.

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LineLineLineLineReply So if I'm sitting on a multi-million dollar investment portfolio
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