Income Inequality And Social Security Authored by Brenton Smith, Policy experts and pundits appear to have a ready answer for the financial challenges of Social Security: Let’s tax that fellow behind the tree. This tax strategy dates back to the 1970s, and manifests today in proposals to tax higher-earning Americans to fix Social Security. Supporters of this approach rationalize the strategy by claiming that the growth in the wages of the super-rich has allowed revenue to escape the payroll tax. While it is true that the cap on taxable wages may need to change in the near future, the reason… — Continue at ZeroHedge News : Read More
