with Pocohontas to propose bipartisan legislation removing the cap on Social Security contributions in order to save the Social Security fund.  It amounts to a small extra tax on the richest Americans and the only sticking point will be whether to continue to require employers to match the individual's contribution.   I usually cap out in the Spring, while Elon Musk caps out at 12:01am on New Years Day.  Lol   I don't mind paying more if the billionaires are paying the same percentage I am.  

Why should the very richest Americans get a pass on paying such a small amount? I don't know how anyone survives on Social Security alone anyway.

There are always openings for Walmart greeters to add some hours at minimum wage to boost their SS benefits.  The cap this year is $184,000 at 6.2 percent.  That's a contribution max of $11,408 per person even if you are making millions.  Just increasing the cap to $1,000,000 ($62,000 contribution) would make SS completely solvent for decades to come.  The only ones that get screwed are the self-employed (like tradespeople) who pay both the individual and employer contribution.  The cap might have to be lower for them.

The self-employed are able to deduct 50% of their Social Security and Medicare taxes when calculating their adjusted gross income.

The only issue with this is the fact of...... How much would you be getting back when you retire in SS benefits?

I can't even understand the second paragraph.
Please get help and stop posting word salad on this board.
Your first sentence shows you don't even understand the issue. It has ZERO to do with "How much would you be getting back." It has to do with the fact that the Social Security Trust Fund is going to run out of money at some point and will have to reduce benefits unless its funding increases.

I don't know. I think he's been much more incoherent than this especially when he gets himself all in a lather about something or goes off on something totally off the deep end. I think I get his issue despite his inartful writing. The solution is to raise the earnings contribution cap and to means testing for wealthy retirees. Of the right-wingers will scream "socialism" or "communism" so nothing will get done in Congress.

If there's any government program that's outright socialist it's that one, along with Medicare.

higher than "employed" workers.  A deduction of half is only relative to their marginal tax rate.  The self-employed pay about 15%, versus 6.2% for those employed, but if your individual marginal tax rate is 20%, then your social security contribution is not 7.5%, it's 12%.  A percentage of a percentage diminishes the savings.  I think if they actually kept that 7.5% in their pocket, they would be okay with it, even though it's more than someone employed by a business owned by someone else, or shareholders.

While I am not really interested in discussing the US tax code, there are significant tax advantages to being self employed from expense write-offs to health insurance premium deductions to higher retirement plan contributions. I also know many self-employed who accept cash payments and who knows how much of that income gets reported.

and at the end of the day you only benefit in an amount equal to your marginal tax rate, but I will agree that the best reason to be self-employed is the opportunity for unreported income if you know how to not get caught, which most people don't.

yeah i could have explained it better.   But it will come down to getting more in return.    Otherwise WHY PAY IN MORE?    You can freely do that now if you wish.

And, yes, I understand all of it but that's not the point. Which is that the trust fund is running dry and a simple fix like raising the amount of income that is taxed is fair and will fix this problem.

That's humble brag number 4,283 for COEUR-DE-CHAPON.

Because he will shortly claim his compensation is MUCH higher than a mere $700K. After all there's stock option exercises and profit-sharing. So I'm sure his actual compensation is several million per year. And please note he's actually in favor of SS taxes on higher income earners so he's really an example of "noblesse oblige."
Cur De Loins = Scrooge McDuck

NO SHIT it is running dry.   But with SS it is you get back a portion or what you pay in.   That portion is valued higher if you put more into the fund.    So if you "bump" it up to $1M gets taxed..... the system would need to "kick back" more to those people who pay in..... GET IT.    

Because you seem incapable of writing a coherent English sentence. As for it being "SOCIALISM," of COURSE it is. So is Medicare and lots of other programs that people who also voted for Trump fight tooth and nail for. Like food stamps. This is a socialist country. Just not as far socialist as most Western European countries. I have no problem with that.

So you don't fucking UNDERSTAND that the amount you receive in SS is based on the amount you pay into it.     If you pay in $184K you get more back than if you paid in $20K.     So if you increase the amount of what gets TAXED..... then those people should get more in return.     BUT THIS BILL or Talks of this bill don't do that.   THEY JUST TAX MORE.    Yes it is that simple.

1) YOU DID talk about SOCIALISM. Go back and read your post above. Dimwit.
2) I DO understand "the amount you receive is based on the amount you pay into it" But that was not my point, which you simply failed to comprehend.
3) I am tired of trying to explain simple English to you. You are perhaps the stupidest poster I have ever encountered here So it's no surprise you are unable to understand how stupid you really are. That's not name-calling. That's simply describing reality.
I will leave the last word to you since, as with all dummies it's the only way to shut you up.

your own humble brag.  Tell us if the stool softeners worked today and you were able to limit your grunting and straining to 20 minutes before you had to take the first flush so as to not have it run over onto the floor.  Now THERE'S an accomplishment by you that's worth bragging about, humble or not.  

With all you MAGA minions, just like your all-powerful Oz, it's either projection or confession. Please keep your bowel movement stories to yourself next time.

to ignore this "bowel movement story" but you couldn't help yourself, could you, especially at the thought of a massive dump by BigP?

When you post something dumb or untrue I'm going to call you out on it. Get used to it. Get over it and get over yourself.

try to sound butch.  It cracks me up.  

YOU ARE AN IDIOT....

Not only is he endlessly repeating himself, he's now endlessly repeating ME but remains incoherent.
What an IDIOT.
It is impossible to EXPLAIN anything to this dolt.

...to reply to my post and defend your post where you claimed to earn a salary of $184,500 by "the Spring."
But you didn't do that.  Instead, you lived up to your name - COEUR-D'UNE-PETITE GARCE - "heart of a little bitch."
You ran away from your post like a little bitch by posting a total NON SEQUITUR, a stupid ad hominem attack in order to deflect and distract from the fact that your salary post was bullshit.  

could have said, "Fuckin' A, the stool softeners are great and I have gotten to the point that I can always make it to the bathroom in time, so I no longer have to clean up the floor after I lost my shit prematurely", but no, you want to question how much I make, which is none of your business but when we first met, you knew I was spending 6-8 hours a week with Kgirls at $350 an hour including tips.  That's a minimum of 2 grand a week and that's just for my hobby, so you can be as insanely jealous as you want.  It doesn't affect me in the least.  

trying to white knight for BigP.   Your lack of enthusiasm in just going through the motions is duly noted.  Lol

YOU posted how much you make ($184,500 by "the Spring"), you fucking moron!!!
Why did you post what you supposedly make if it was none of our business, you fucking moron?

it's not a lack of enthusiasm. It's just that you make it so damn easy.

to just do the math like Nicky did.  He tried to let you off the hook by telling you what to do, but you insisted on remaining stupid.  Do you see the irony in someone who can't do simple math calling someone else a moron?  You seem really backed up today.  Did you forget to take your stool softeners?  A healthy shit that doesn't hurt too much will make you a new man!!!     (Trigger Jizzman in 5, 4, 3 . . . . .)

Papi, You're spot on about Cul de Lion. However, I don't think he's a moron. But he's always been a right-wing hack, liar, and troll. I'm sure you've noticed his recent obsession with defecation. I guess that's to be expected from someone who is so full of shit like our own Can Do Lies.

SO.... with this proposal does it increase the benefits received for higher earners?   NOPE.   But yeah... just keep calling names without refuting what I am saying.

can't end the program without massive new investment.  There are only three ways out, 1) buy everyone out of their SS equity, or 2) Start a separate program for those under a certain age so that those that are too old to work will still get what they paid into it, including the cost-of-living increases over the years.  3)  Require a 401K that is funded by both the employee and the employer much the same way that SS is funded now, only without the government trying to run it.  Let banks manage their client accounts that would be backed by FDIC insurance.  Leaving employees on their own to fund their own retirement accounts by themselves without any rules is a bad idea.  It will only increase the number of homeless old people.  

We're not talking about a tax proposal that has anything to do with ASSETS. The tax proposals to save SS are simply to continue taxing at the current rate but raise the income cutoff from $184.500 to whatever limit would plug the gap. THAT'S IT!
So stop bringing up other extraneous shit.
Jesus, you really need to get a grip.

OH MY FUCKING GOD...... I gave an example of what CA and others want to do with the assets.

I never said ANYTHING about increasing benefits. So you wrote a novel about it. Jesus.
Oh, and "YOUR A MORON" is another bit of word salad. It's "YOU'RE". And you are.

YOU ARE A DUMB FUCKER.....

Did you ever think that your posts might be comprehensible if you could write a clear, simple English sentence?
Instead you babble on and blame others: "Poor me! No one understands me! WAAAAAAAAHHHHH!!!!!!