Renee HoyosVerified account

As to insolvency, both Medicare and Social Security are tied to labor. As long as we have labor, these programs will still have a cash flow. Now, are they stressed? Absolutely, which is why we need to lift the cap off of payroll.

Thanks for your time. Fundamentally we would never agree. You- more gvmt control of your life, me-less. Everything isnt free or paid for by the 'rich', those things always screw middle class and push them closer to the bottom. Eventually only rich and poor and gvmt full control

Mark, $200k net or otherwise is not the average salary of TN-02. I've not made anywhere near that my entire life nor does anyone I know well. I do know that as the ED of TCWN, I paid more in payroll taxes than Pilot per salary dollar. How is that fair?

Me and my employees paid taxes on 100% of our salaries. But someone making over some arbitrary amount doesn't have to pay? This is a regressive system that makes poor people pay more and get fewer breaks.

Ma'am, you are simply wrong. Here are REAL numbers for example, You make 50K * %1.45= 725 dollars medicare tax. You make 250K , it's 200K * %1.45=2900 PLUS, 50K * %2.35=1175 - Total, $4075. Earnings over 200K have an ADDITIONAL .9% tax to the employee. Very PROGRESSIVE tax.

I haven't said anything different from this link. What I did say is that you can't add 35% +7.5% and find the tax rate for all income over the cap because as their income grows, the payroll tax becomes a smaller percentage of overall salary. Regressive.

You said this, "Medicare is currently funded by payroll tax. Currently payroll tax is only applied to those making $132,900 or LESS. If we take the cap off of this tax and require all salaries to be taxed, Medicare could be better funded." This is NOT true.