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Old 06-13-2008, 05:06 PM   #7 (permalink)
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Default Re: Obama proposes change in Social Security tax

SOP? What is that?

Originally Posted by matclone View Post
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
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