I am all for adjusting the income cap. Anything up to $500,000 K should be taxed, and the definitions of "income" need to include such things as stock options or other billionaire ways of evading taxes (looking at Bezos and Musk in particular).
I am all for adjusting the income cap. Anything up to $500,000 K should be taxed, and the definitions of "income" need to include such things as stock options or other billionaire ways of evading taxes (looking at Bezos and Musk in particular).
As far as I'm concerned, the cap can go completely, and the tax should be based on AGI, not wage and salary income. I'm also in favor of maintaining the benefit structure as it is, but there are those who argue that such would make SocSec a 'welfare' program instead of whatever it is now and I'd give that up in order to get their support on removing the cap. I'd also like to see an end to the carried interest tax break for fund managers. As long as we're building a holiday gift list, I'm adding an end to the deductibility of interest on business loans.
I am all for adjusting the income cap. Anything up to $500,000 K should be taxed, and the definitions of "income" need to include such things as stock options or other billionaire ways of evading taxes (looking at Bezos and Musk in particular).
As far as I'm concerned, the cap can go completely, and the tax should be based on AGI, not wage and salary income. I'm also in favor of maintaining the benefit structure as it is, but there are those who argue that such would make SocSec a 'welfare' program instead of whatever it is now and I'd give that up in order to get their support on removing the cap. I'd also like to see an end to the carried interest tax break for fund managers. As long as we're building a holiday gift list, I'm adding an end to the deductibility of interest on business loans.
I love your gift list!!
Now we just need to find Santa.