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In reply to the discussion: Today, I will eat a Serving of Crow. [View all]bvar22
(39,909 posts)33. They ARE regressive only when viewed through the Republican lens as a "Tax".
When seen through the Democratic Lens as an Insurance Payment, or Insurance Payroll Deduction, that will be returned in CASH to the individual at a later date....then not so much.
That is one reason I strongly encourage Every DEMOCRAT to stop referring to FICA Deductions as a "Payroll Tax".
That said, I strongly support exempting the first $30K or so,
and removing The Cap all together.
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Removing, or at least greatly increasing the cap is a no-brainer, which I guess speaks volumes
Flatulo
Jan 2013
#14
Yes, I did too in the late 1990s. I hit the cap two or three times. It was a shock the 1st time
stevenleser
Jan 2013
#15
I hit the cap my whole life, usually in August or September. I thought it was stupid then,
Flatulo
Jan 2013
#17
Social Security didn't lose a penny in the trust fund over the Payroll Tax Holiday.
RomneyLies
Jan 2013
#7
Thankfully, the Democratic founders of the most successful Social Program EVER in the USA...
bvar22
Jan 2013
#30