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JDPriestly

(57,936 posts)
Tue Feb 10, 2015, 01:36 PM Feb 2015

Today is Social Security's 78th birthday.

Today, February 10, marks the day when the top one percent of wage earners in America stop paying into Social Security. This is because, right now, only the first $118,500 of a wage earner’s income is subject to the payroll tax that funds Social Security.

Stand with me and Social Security Works in demanding that millionaires and billionaires start paying their fair into Social Security. When they do, we will be able to expand, not cut, benefits for millions of Americans.

To recognize this day when millionaires and billionaires stop paying into Social Security and to respond to attacks from my colleagues on our earned Social Security benefits, I am holding a briefing with Social Security Works co-founder Nancy Altman and the Strengthen Social Security Coalition.

The briefing will focus on rising inequality in America and its impact on Social Security. Due to stagnant wages, 94 percent of Americans pay Social Security tax on all of their income, but the wealthiest 6 percent do not. We must reverse this trend for the future or our economy and the future of Social Security.

From Senator Bernie Sander's newsletter on behalf of Social Security Works and Strengthen Social Security.

I do not have a link because it is from an e-mail.

But here are websites associated with this quote.

http://www.strengthensocialsecurity.org/

http://www.sanders.senate.gov/

5 replies = new reply since forum marked as read
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Today is Social Security's 78th birthday. (Original Post) JDPriestly Feb 2015 OP
A lock box from the start would have solved many TBF Feb 2015 #1
You are so right. JDPriestly Feb 2015 #2
K&R for keeping this is the public eye ND-Dem Feb 2015 #3
Happy Birthday Historic NY Feb 2015 #4
Many happy returns by expanding coverage to every American, no matter the age... Octafish Feb 2015 #5

TBF

(32,062 posts)
1. A lock box from the start would have solved many
Tue Feb 10, 2015, 01:43 PM
Feb 2015

issues, and so would NO LIMIT on how much of a wage earner's income should be subject to the payroll tax.

I say this as someone who has a higher household income & is still paying student loans back. It is the right thing to do.

Octafish

(55,745 posts)
5. Many happy returns by expanding coverage to every American, no matter the age...
Tue Feb 10, 2015, 03:33 PM
Feb 2015

...or amount of taxes paid, so they can live life well as citizens of the world's wealthiest nation.

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