The Mudcat Café TM
Thread #75554   Message #1374314
Posted By: Bobert
07-Jan-05 - 11:13 PM
Thread Name: BS: 'Reforming' Social Security?
Subject: RE: BS: 'Reforming' Social Security?
CarolC,

I might have not written it correctly but I fully undersatnd that wages above $80,000 are exempt from Social Security. Yes, those folks earning over $80,000 will have SS deducted up to $80,000 and then no more...

This makes SS tax regfressive in that folks who earn under $80,000 will pay SS on 100% of their wages.

Those making over $80,000, will not...

Bobert