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Bernie Sanders
Related: About this forumBernie Tells the Truth About Social Security
https://www.facebook.com/video.php?v=911691105552561
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Bernie Tells the Truth About Social Security (Original Post)
LiberalArkie
Oct 2015
OP
K & R. Bravo! Excellent production, clear and factual exactly the way Bernie is!
appalachiablue
Oct 2015
#1
appalachiablue
(41,131 posts)1. K & R. Bravo! Excellent production, clear and factual exactly the way Bernie is!
Circulate this important video on Strengthening Social Security to all.
Powerfully said by Bernie as always, the Truthman.
hedda_foil
(16,373 posts)2. Major K's and R's. Please share on Facebook.
JDPriestly
(57,936 posts)3. Excellent! Already sent it to friends and family.
Spitfire of ATJ
(32,723 posts)4. This is personal to a LOT of DU members as many are in retirement.
awoke_in_2003
(34,582 posts)6. And many of us
are hoping one day to retire.
Stardust
(3,894 posts)5. Can someone help me understand this part about Bernie's proposal:
http://www.sanders.senate.gov/newsroom/press-releases/sanders-calls-on-congress-to-strengthen-and-expand-social-security
Under current law, the amount of income subject to the payroll tax is capped at $118,500. That means someone making millions of dollars a year pays the same amount in payroll taxes as some making $118,500 a year. The legislation would subject all income over $250,000 to the payroll tax. Doing so would impact only the top 1.5 percent of wage earners, the Center for Economic Policy Research has estimated.
OK, if the legislation would subject all income over $250k to the payroll tax, does that mean that income under $250k will not be subject to the payroll tax? I've read it and reread it but I don't understand the wording. If all income is subject up to the $250k cap, to me, the above excerpt is a misstatement, imo.
Vincardog
(20,234 posts)8. Everyone pays on the first $118.5K no SS tax on 118.6 - $249.5K then SS tax on $250K and up. It
is like a slot limit on fishing.
Stardust
(3,894 posts)10. Thank you!
Babel_17
(5,400 posts)7. Important topic K&R
LongTomH
(8,636 posts)9. K&R and shared to Facebook!