We aren’t talking about massive tax breaks. That’s what’s insane.
Currently SS is capped at ~$180k dollars @ ~5%. That means if you earn $180k, you pay 9k in SS tax. If you earn $2 billion you pay 9k in taxes.
These greedy leeches are destroying one of the only semi-decent systems all next to no money from them personally.
The actual tax increase from trump’s expiring tax cuts is also something like 4%. Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.
They keep talking about the dangers and problems with debt, yet the blindingly obvious solution is a moderate increase in taxes. But instead of even broaching that subject, they are trying to also give themselves a tax cut while destroying social programs.
We aren’t talking about massive tax breaks. That’s what’s insane.
Currently SS is capped at ~$180k dollars @ ~5%. That means if you earn $180k, you pay 9k in SS tax. If you earn $2 billion you pay 9k in taxes.
These greedy leeches are destroying one of the only semi-decent systems all next to no money from them personally.
The actual tax increase from trump’s expiring tax cuts is also something like 4%. Meaning these billionaires are doing all this work to save an extra $0.04 on every dollar of income.
They keep talking about the dangers and problems with debt, yet the blindingly obvious solution is a moderate increase in taxes. But instead of even broaching that subject, they are trying to also give themselves a tax cut while destroying social programs.
It’s robbery, plain and simple.
$0.04 for every dollar of income doesn’t sound like much until you’re talking about a billion dollars, in which case it’s $40 million.
That’s a whole extra yacht!