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Old 02-08-2005, 07:58 PM   #19 (permalink)
flstf
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Location: Moscow on the Ohio
Quote:
Originally Posted by jbuffett
My problem with SS taxes is that people who make over 90,000 pay a rate that is effectively lower than those who make 25,000. Why the artificial cap on where you have to pay SS?
I don't have a problem with raising the FICA wage limit. But realize that these folks will be eligible to draw more out based on putting more in and they are the ones who don't need SS in the first place. Forcing them to pay for something they don't need makes it resemble more of a welfare plan than a pension plan. Something it was not intended to be.
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