Wednesday, February 24, 2010

Obama Reads Eggster, Wants SocSec Tax Hike

That didn't take long.

Eggster demonstrated that Social Security will run out of money, and Obama proposes a tax hike to fix it.

A tax hike on those earning more than $109K, which, IIRC, is LESS than $250K.

1 comment:

  1. If memory serves, eliminating the cap on the portion of the FICA/self-employment tax that goes to Social Security would only extend solvency for a couple years.

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