Monday, October 19, 2015

Social Security

There's always a lot of talk about Social Security being solvent.

Here is what most people do not realize, only the first $106,800 of ones income is paid to Social Security. This means people making over $106,800 pay a smaller percent of their income to Social Security than a person making under $106,800.

http://www.ssa.gov/policy/docs/policybriefs/pb2011-02.html

How do we make it fair? It really simple, make it a flat tax across all income levels. Now who could possible complain about a flat tax across all income levels being unfair?

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