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The only taxes the article says Bernie is raising on the high-wage workers is Social Security. Right now, someone making a billion dollars a year pays the same
by Miner49er 7y ago
The only taxes the article says Bernie is raising on the high-wage workers is Social Security. Right now, someone making a billion dollars a year pays the same as someone making $132,900. That's a very regressive tax. All Bernie wants to do is make it a flat 12.4%.
These high wage earners are simply being asked to pay roughly the same on the dollar as every other worker.
- Bostonian 7y agoYou should look at all taxes, including income taxes, not just payroll taxes in isolation.
- scarface74 7y agoSocial security if far from regressive. You also have a maximum that you receive. Also, lower income earners get a much higher return on SS than higher income earners. Is he going to increase the maximum you can get from social security.