Quote:
Originally Posted by lordscarlet
hm.. it does appear the graphs show that you gain less the more you put in, but that only goes in the reverse of the logic you seem to be displaying, but I could be wrong. Clearly I don't know enough about Social Security.
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i just re-read my posts and i'm not being clear. my knowledge of social security comes from calculating benefit amounts at an old job, so i know that there are a lot of variables that go into the equation. my point is that if obama gets in and institutes the payroll tax on higher incomes, since the benefit amounts are capped, it would be nothing more than a "re-distribute the wealth" tax. higher income workers get a declining benefit (relative to lower paid workers) as the wage base for the payroll tax increases.