https://www.financial-planning.com/...e-hesitant-to-fix-social-security-millennials
Oh, to save Social Security in the BEST economy ever - a new law will TAX Millennials making OVER $400,000. Why? Why $400,000? I thought ALL millennials were benefitting in the TRUMP economy.
Well...
Representative Tom Reed, the Republican leader of the Ways and Means Social Security subcommittee from New York, said an increased payroll tax would “unfairly hurt” young people. “It hurts the students struggling to pay for their rent and their next meal,” he said. “We want to empower the next generation with tools to save for their retirement in a way that works best for them.”
Younger generations, some of whom are starting businesses or who take on second jobs to make ends meet, would be burdened by paying both the employee and employer’s share of payroll taxes (employees and employers split the current 12.4% tax equally), Duppler said. And it could snowball, if employers try to make up the difference they’d pay in increased taxes by cutting salaries, which would not only hurt workers but also cause a loss of payroll, state and local income taxes, she argued.
@m.knox
@gjbankos
@Obliviax
@psuted
Oh, yes...everyone is benefitting in the TRUMP economy. LMAO!!!!!!
Oh, to save Social Security in the BEST economy ever - a new law will TAX Millennials making OVER $400,000. Why? Why $400,000? I thought ALL millennials were benefitting in the TRUMP economy.
Well...
Representative Tom Reed, the Republican leader of the Ways and Means Social Security subcommittee from New York, said an increased payroll tax would “unfairly hurt” young people. “It hurts the students struggling to pay for their rent and their next meal,” he said. “We want to empower the next generation with tools to save for their retirement in a way that works best for them.”
Younger generations, some of whom are starting businesses or who take on second jobs to make ends meet, would be burdened by paying both the employee and employer’s share of payroll taxes (employees and employers split the current 12.4% tax equally), Duppler said. And it could snowball, if employers try to make up the difference they’d pay in increased taxes by cutting salaries, which would not only hurt workers but also cause a loss of payroll, state and local income taxes, she argued.
@m.knox
@gjbankos
@Obliviax
@psuted
Oh, yes...everyone is benefitting in the TRUMP economy. LMAO!!!!!!
