The Wrestling Talk Forums - View Single Post - Obama proposes change in Social Security tax

matclone · 06-13-2008, 01:21 PM

He would apply the Soc Sec tax to incomes above 250K. Currently, it stops once one reaches 102K. Can someone explain why those earning b/t 102 and 250k should be exempt? Appears to be a sop to middle class voters.

As mentioned elsewhere, this is a proposal. Any changes to law in this respect would have to be passed by Congress.

http://news.yahoo.com/s/ap/20080613/...ocial_security

06-13-2008, 01:21 PM	#1 (permalink)
matclone Olympic Champ Join Date: Apr 2007 Location: It's a long way from East Colorado Posts: 2,764 Tournaments Joined: 0 Tournament Wins: 0	Obama proposes change in Social Security tax He would apply the Soc Sec tax to incomes above 250K. Currently, it stops once one reaches 102K. Can someone explain why those earning b/t 102 and 250k should be exempt? Appears to be a sop to middle class voters. As mentioned elsewhere, this is a proposal. Any changes to law in this respect would have to be passed by Congress. http://news.yahoo.com/s/ap/20080613/...ocial_security