The idea that we can’t have tax brackets at 500k, 5mil, 15 million that are higher is bonkers. And normal people pay 7.65 in FICA on 100% of their salaries. Let richer people pay 7.65 on their entire salary!
It’s grossly regressive, to cut off contributions at an income point that now seems quite low. At the very least that cut off point should have been tied to inflation. Better yet, tie it to budget realities.
And it's the Republicans who are taking raising revenue off the table.
The idea that we can’t have tax brackets at 500k, 5mil, 15 million that are higher is bonkers. And normal people pay 7.65 in FICA on 100% of their salaries. Let richer people pay 7.65 on their entire salary!
It’s grossly regressive, to cut off contributions at an income point that now seems quite low. At the very least that cut off point should have been tied to inflation. Better yet, tie it to budget realities.