u**r
发帖数: 810 | | u**r
发帖数: 810 | 2 “Joe Biden promises not to raise taxes on Americans earning more than $400,
000—but there’s a hitch. It lies in his proposal to apply the Social
Security payroll tax to income above that amount.
Social Security is financed by a 12.4% levy on earnings up to $137,700.
Although nearly every developed country caps its pension taxes, progressives
grumble that the rich don’t pay enough. Mr. Biden’s Social Security plan,
analyzed this month by the progressive-leaning Urban Institute, would
retain the $137,700 payroll-tax ceiling but impose the 12.4% tax on earnings
above $400,000.
This “doughnut hole” would spare the upper middle class from higher taxes.
But only temporarily. With each passing year, the doughnut hole shrinks.
The payroll-tax ceiling already increases annually with nominal wage growth.
But Mr. Biden’s $400,000 threshold isn’t indexed. This means that over
about three decades, the payroll-tax ceiling would be phased out.“ | u**r
发帖数: 810 | 3 “High earners would be hit immediately with an effective tax increase of 12
.4% of their wages. A New York City resident earning $400,000 would see his
effective tax rate rise from 48% of each dollar of additional earnings to
more than 60%, exceeding the top marginal rate in nearly every developed
country.
But with time and wage growth, the Biden plan would raise the tax for
employees earning above $137,700 by the same 12.4% of income. The Urban
Institute analysis shows that over the long term, the tax increase on
employees earning between $137,700 and $400,000 accounts for the majority of
the plan’s new revenue. We can argue over the definition of “upper middle
class,” but these people aren’t millionaires and billionaires.
And for what? The Urban Institute finds that the Biden plan would add only
five years to the life of the Social Security trust funds. Social Security
would become insolvent in 2040 instead of 2035. Further tax increases would
surely be demanded down the road.
How can such a large tax hike do so little for Social Security’s solvency?
Nearly two-thirds of the new tax revenue would be spent on expanding
benefits rather than fixing the existing financial hole. The Biden plan’s
expanded benefits for low-wage workers and widows make sense, but increasing
cost-of-living adjustments even for high-income retirees is unnecessary. So
is canceling the windfall-elimination provision, a giveaway to public
employees who don’t participate inSocial Security. In dollar terms, Mr.
Biden’s plan would give the richest fifth a 23% greater benefit boost than
the poorest fifth.
Levying higher taxes on upper-income households to pay higher benefits to
those same households makes little sense when retirement savings and
retirement incomes are at record highs. America needs imaginative thinking
to secure adequate retirement incomes without eating up all available
government resources. This isn’t it.“ | d*********1
发帖数: 1 | 4 没事，ts78就希望涨到100%，人家每年报税7800，交税1000快，随你张，以后每年都可
以往回捞4，5万
【在 u**r 的大作中提到】
: 所有拿w-2的一个也跑不了，当然，第一年可能收不到你。
: The Hidden Trap in Biden’s Tax Hike
: http://www.wsj.com/articles/the-hidden-trap-in-bidens-tax-hike-11603052904
| h**0
发帖数: 374 | 5 现在还有人相信主党的话？ LOL
【在 u**r 的大作中提到】
: 所有拿w-2的一个也跑不了，当然，第一年可能收不到你。
: The Hidden Trap in Biden’s Tax Hike
: http://www.wsj.com/articles/the-hidden-trap-in-bidens-tax-hike-11603052904
| c*******e
发帖数: 5818 | 6 这涨的可不少啊！
想起奥巴健保的名句！
：“High earners would be hit immediately with an effective tax increase of
12.4% of their wages. A New York City resident earning $400,000 would see
his effective tax rate rise from 48% of each dollar of additional earnings
to
：more than 60%, exceeding the top marginal rate in nearly every developed |
|
