CEOâ€™s tax break shorts Social Security
Social Security should not be placed on the cutting board by either of our political parties. Presently, Social Security is in the black with $2.6 trillion.
Even with the demands that Baby Boomers will place on Social Security is extremely simple.
It should not matter how much is earned each year, the Social Security tax (FICA) should be paid on total earnings and not capped at $106,000 dollars.
The average American worker has always paid the full Social Security tax. Therefore, the CEOs of large corporations who average $11 million should pay the tax on the entire amount and not just the first $106,000.
Democracy is advanced when there is fairness in all taxation.
by Henry Denny and Judy Powell, Chino Valley, AZ
You can follow the rather extensive thread of comments generated by this brief letter on the Arizona Republic’s online site: