Millionaires must pay their fair share

On Tuesday, February 10th, the top one percent of income earners in America will stop paying into Social Security. This is because, right now, only the first $118,500 of a wage earner’s income is subject to the payroll tax that funds Social Security.

 

When millionaires and billionaires start paying into Social Security at the same rate as the rest of us, we can not only extend the lifespan of the Social Security trust fund, we can afford to increase benefits for the majority of Americans.


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