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Author: stockmover Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: 102% tax rate Date: 2/5/2012 7:29 PM
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How do your propose to calculate payments due those whom you would require to pay more (in) taxes?

Simple ... keep the total SS benefit caps where they are currently but adjusted for inflation. Chances are good that the wealthy don't even need SS benefits in addition to their pensions, golden parachute contracts, not to mention their large asset base at retirement.

You are an attorney correct? If you have been successful, financially astute ... can you honestly say that you would not be able to retire at a normal retirement age (say 65) with the current maximum SS retirement benefits (including COLA) to which you may be entitled ?

Some may see this as a transfer of wealth strategy. However I see as a fairer SS tax system with much lower SS rates across the board for all taxpayers.

Rich
Arizona
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