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MAGAs, you won't like this, but Trump squandered his presidency in a year. He is tanking.
17 Aug 2026 4:53 pm
The standard Social Security tax rate is 6.2% for employees and 6.2% for employers, resulting in a total contribution of 12.4% ////// my plan --drop the employer's share//// 4% after 184,000----250,000 /then 2%--251,000--300,000---and then 1% thru 301,000- 400,000Fuelman » 17 Aug 2026, 3:28 pm » wrote: ↑ I really don't have a problem with it, just realize that eliminating the earnings cap also eliminates the maximum benefit amount.
Original Intent: Designed since 1937 as a contributory social insurance program rather than a general income tax, it explicitly limits both contributions and payouts.