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Just Scrap the Cap on Social Security

October 19, 2011

Don’t think Social Security cuts affect you? Think again. Because if Social Security is cut, your parents might be movin’ in.

Here’s the deal: right now, everyone pays Social Security taxes on the first $106,800 they earn, which means most people pay Social Security taxes on their whole paycheck. But since $106,800 is the cap (unless Congress acts to change it), a whole lot of wealthy people don’t pay a dime in Social Security taxes on most of what they make… Learn more »

Tell Congress: Don’t cut Social Security – Just Scrap the Cap »

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