The Giant Lie Trotted Out by Fiscal Conservatives Trying to Shred Social Security

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10. And also, Raygun doubled the Social Security withholdings so the rich could get a tax cut.

Under the guise of the Baby Boomers are coming and they will suck Social Security dry, Raygun and Greenspan double our Social Security tax for those making LESS than about $100k (in today's dollars). For those making over $100k, they don't have to pay anything on what they make over $100k. So, Mitt Romney making $20 million a year only pays Social Security taxes on the 1st $100k.

The 1983 Raygun and Green span so called "fix", created a huge surplus in Social Security. This surplus is what is suppose to be paid out to we retiring Baby Boomers. Not only did/are Baby Boomers paying for their parents Social Security, they paid for their own as well. But the Social Security tax would NOT have to have been DOUBLED if those making over $100k would have been taxed on 100% of their income like the rest of us are.