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In reply to the discussion: The Savings to Social Security from Means Testing = Higher Costs [View all]Sekhmets Daughter
(7,515 posts)13. It has everything to do with social security....
What do you think will happen when fully 30% of the work force is self-employed and paying 15.30% on 90% of their income? They will start screaming to be let off the hook...
The entire problem with SS is that for too long too few people have been earning good wages.
http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph
One chart has a header explanations that makes it quite clear. Had household incomes kept pace with the economy since 1970, the median household income would be $92K, not $50K....Think about all that money not paid into SS
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Means-testing is just a cynical ploy to undermine political support for the program ...
dawg
Nov 2012
#1
only wage income gives you social security eligibility, not capital income. so your
HiPointDem
Nov 2012
#19
Only wage income is subject to SS tax. If donald trump pays himself a wage, it's
HiPointDem
Nov 2012
#39
only if trump has himself as employee of that llc and is paying social security tax
HiPointDem
Nov 2012
#59
because it's a universal system, and as such, was not designed *only* to keep
HiPointDem
Nov 2012
#62
It clearly was set up to provide payments to all persons who paid in, because that
HiPointDem
Nov 2012
#64
If you purchase retirement insurance, when you retire you get a benefit payment
FogerRox
Nov 2012
#42
It's not insurance against retirement, it's insurance against been POOR in retirement...
Jeff In Milwaukee
Nov 2012
#56
I disagree. I'm taking the fact that people are seriously suggesting means-testing...
JVS
Nov 2012
#61
the corporate contribution is figured as part of total employee compensation &
HiPointDem
Nov 2012
#5
i agree that the problem is wages. i disagree that social security avoidance is the primary
HiPointDem
Nov 2012
#14
That is my point. He didn't really choose to become an independent contractor
Live and Learn
Nov 2012
#22