Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Obama to Push Higher Social Security Tax?

Check out this link and tell Us what you think now...

http://www.topix.net/us/2007/11/obama-to-push-high...

8 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer
  • Anonymous
    1 decade ago

    Is Obama wanting to raise the SS tax, or index the income for inflation?

    Right now if you earn $88,000 or more per year, you are paying the same amount of SS tax. That amount was set in the 1980's and never been indexed for inflation.

    So is that what Obama is referrring to? The link doesn't mention it.

    And it is an easy fix to the looming SS shortfall.

  • Anonymous
    1 decade ago

    That is a link to a website where people whine. So what? I think it takes guts to level with the American people and tell them that you don't get something for nothing. If we don't start managing our nation's finances more conservatively than the conservatives have done under reagan and two bushes then we will go bankrupt.

  • Anonymous
    1 decade ago

    Well, we have two options to try and save social security...higher Soc. sec. taxes to cover it or reducing benefits to older Americans...neither one is very popular, but there are only two options

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    I hope so. Better to be proactive, than to wait until the system goes broke.

  • 1 decade ago

    10% is not that much.

  • 1 decade ago

    my advice..consider more credible sources...for next time!

  • Anonymous
    1 decade ago

    blah.

Still have questions? Get your answers by asking now.