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"Is there a rational reason not to subject all income to SS tax?"


That could be a killer.

You sell your house for $500,000 and plan to buy a new one....but meanwhile, you think the government should get 8% of it? Plus 2% for Medicare?

Then again, you aren't 'employed' and it isn't salary and the 'company' isn't kicking in another 8%...as happens when you work and 'earn' an income.

So maybe it would be like income from 'self employed' and you'd owe 15% SS tax on the sale of your house.....or stocks.....or anything else......including your savings account.

Why not tax the 'gain' in your IRA each year too? Uncle Sam can simply withdraw 15% of your gain each year!.......for SS taxes to pay others.

- -

No no no....

If you want to kill the economy, tax 'all income'.....other than earned income....at 15% rate.....for SS.....and 2% for Medicare......everything.....


t.
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