From yesterdays WSJ: "didn't rule out" wage base expansion

[papau]

from the Wall Street Journal's lead story yesterday about paying for the transition to personal/private accounts:

"Administration aides yesterday also didn't rule out expanding the amount of wages subject to the payroll tax."

[REACTIVATED IN CT]

the most logical way to get more money into the SS system. Anyone who earns over $90,000 per year (current wage base max) should be able to afford to contribute more! Of course, the Admin. won't want to burden businesses with this additional tax (employers have to match employee contribution)so I'd be surprised if this goes thru

[ribrepin]

3. simple fix

Employee continues to contribute to Social Security--no cap. Business is exempt after $90,000.

[REACTIVATED IN CT]

4. Over $90,000

Is this a proposal currently on the table?

[ribrepin]

5. I don't think exempting employers over $90,000 is currently on the table

Just my take on the problem. No reason someone making a million dollars a year shouldn't pay more, but business shouldn't be burdened with more taxes right now. It's an insurance program not a investment program.

I plan to write to my congress critters and suggest the idea.

[REACTIVATED IN CT]

1. Wage base expansion..

the most logical way to get more money into the SS system. Anyone who earns over $90,000 per year (current wage base max) should be able to afford to contribute more! Of course, the Admin. won't want to burden businesses with this additional tax (employers have to match employee contribution)so I'd be surprised if this goes thru

[REACTIVATED IN CT]

2. deleted dupe