ELIMINATE S.S.IncomeCap&IncomeType To Pay For MedicarePublicOptionForAll.
http://www.contracostatimes.com/news/ci_20716455/your-turn-going-have-fight-social-security-it
1.a (
NOT EVEN mentioned) Raise S.S. Income Cap to PROTECT S.S. It has been done often over the past decades, yet is RARELY mentioned.
It is NOT fair to tax the MiddleClass&WorkingPoor at
6.5% on ALL of their income, while taxing those making above $110,000/yr. only on that 1st $110,000.
An income earner of $10,000,000/yr. would pay $7,150 in taxes, a rate of .0715% on ALL of their income, whereas all middle class & working poor earning less than $111,000/yr. pay a rate of 6.5% on ALL of their income.
An income earner of $100,000,000/yr. would pay $7,150 in taxes, a rate of 0.007150% on ALL of their income.
An income earner of $1,000,000,000.00/yr. would pay $7,150 in taxes, a rate of 0.000715% on ALL of their income.
Why are there not more people outraged that this 1 simple FIX to protect S. S. is almost NEVER mentioned?
& if we taxed capital gains at the same 6.5% rate that ALL MiddleClass&WorkingPoor pay, we could FIX Medicare & perhaps provide it to ALL of US as a Public Health Care OPTION.
ELIMINATE S.S. Income Cap & Income Type to FIX BOTH S.S. & Medicare & provide a Medicare Public Option for all of US.