Obama proposes change in Social Security tax

matclone · 06-13-2008, 12:21 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

~~Big~~ · 06-13-2008, 01:07 PM

I say tax them.

RYou · 06-13-2008, 03:42 PM

The middle class is going to get slammed by Obama. Let him keep promoting his tax increases. He'll be out on his rear come November.

Tight-Waist · 06-13-2008, 03:46 PM

Originally Posted by RYou

The middle class is going to get slammed by Obama. Let him keep promoting his tax increases. He'll be out on his rear come November.

Actually, I think its gonna take him 4 years from November to get fired unfortunately.

~~Big~~ · 06-13-2008, 03:55 PM

He is decreasing taxes for the middle class by $1000.

Cyclone85 · 06-13-2008, 04:04 PM

I want to know his definition of middle-class, 'hard-working families', and 'average' Americans. Once he clears that up, then we can talk.

Originally Posted by Big

He is decreasing taxes for the middle class by $1000.

Cyclone85 · 06-13-2008, 04:06 PM

SOP? What is that?

Originally Posted by matclone

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