Warren's Social Security Plan: Impose a 14.8% Payroll Tax on Business Owners and Investment Income!

[mikegriffith1]

For any moderates who believe Elizabeth Warren is one of the saner, more credible Dem candidates, be advised that her Social Security plan calls for imposing a 14.8% payroll tax on employers with incomes over $250,000, and note that this will be split evenly between employers and employees. So, if you work for a company whose owner earns more than $250K, your payroll tax would go up substantially. Plus, Warren also wants to tax the investment income of people who make over $250K. If you think I'm exaggerating, read this:

Elizabeth Warren’s plan to expand Social Security, explained

If you know any business owners, ask them how they would feel about having their payroll tax jacked up to 14.8%--7.4% for them and 7.4% for their employees. Better yet, ask their employees how they'd feel about seeing their payroll tax jacked up to 7.4%.

 

[TomParks]

All they need to do is take the cap off the taxable income and SS is good for 75 years.

 

[Rambunctious]

She wouldn't be able to do half of what she blurbs out of her pie hole....and she knows it which makes her a lying POS....

 

[TroglocratsRdumb]

Warren knows how to stop economic growth almost as well as Obammy

 

[mikegriffith1]

All they need to do is take the cap off the taxable income and SS is good for 75 years.

That's part of what Warren's plan does, except she would hike workers' payroll taxes as well. Her plan for a higher payroll tax kicks in at $250K, leaving income between $133K and $250K untouched by the payroll tax.

It's amazing that liberals whine that Trump's tariffs are costing Americans more because the costs are being passed on by the countries/companies to customers, but they can't seem to grasp that when you slap higher taxes on businesses and investments, everybody ends up paying for it in the long run. And, of course, the difference with tariffs is that only a part of the added cost can be passed on or else the affected products would get priced out of the market. Plus, with high tariffs, the protected sector is shielded from unfair foreign competition, and that tariff money stays in the U.S. instead of going to some foreign country.

 

[wamose]

Old Pocahontas got the warpaint on now. She's looking for some White scalps. Typical Democrat.

 

[TroglocratsRdumb]

For any moderates who believe Elizabeth Warren is one of the saner, more credible Dem candidates, be advised that her Social Security plan calls for imposing a 14.8% payroll tax on employers with incomes over $250,000, and note that this will be split evenly between employers and employees. So, if you work for a company whose owner earns more than $250K, your payroll tax would go up substantially. Plus, Warren also wants to tax the investment income of people who make over $250K. If you think I'm exaggerating, read this:

Elizabeth Warren’s plan to expand Social Security, explained

If you know any business owners, ask them how they would feel about having their payroll tax jacked up to 14.8%--7.4% for them and 7.4% for their employees. Better yet, ask their employees how they'd feel about seeing their payroll tax jacked up to 7.4%.

Why do Democrat Voters take all of their tax deductions if they want higher taxes?

 

[Rambunctious]

Dems hate economic growth and people not needing them....they are sick that way....

 

[RodISHI]

All they need to do is take the cap off the taxable income and SS is good for 75 years.

That makes the most sense to me. Adding cost to employers taxing them more for their low and middle wage employees is a bad idea.