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[quote=Anonymous][quote=Anonymous][s e of 6.0%. That's called a regressive tax.[/quote]

You really don't understand the system at all

In this scenario, the 'rich' guy gets benefits proportional to the $118,000 he paid taxes on

The housekeeper gets benefits proportional to the $50K that he paid SS taxes on

Also, let's not forget that the the 'rich' guy also paid $3,000 as the employer

There is absolutely nothing regressive about it because benefits are capped.
[/quote]

It's you who doesn't understand the system. The middle class and rich get more in dollar terms, but their replacement rate (SS benefit as a pct of pre-retirement income) is about 40%. The poor get less benefits in dollar amounts, but their replacement rates can be as high as 90%. That's called a progressive benefit structure. However, tons of studies from places as diverse as Heritage and AEI (trying to trash the SS system) to Brookings and Urban (trying to improve the SS system) have pointed out that lower lifespans among the poor completely undoes the progressive benefit structure in terms of lifetime total benefits received.

The rich guy paying $ as the employer is bogus. Long-established economic theory says he already reduced the wages he pays by the full amount of the taxes be pays. You won't find a conservative or liberal who disagrees with this.

You really shouldn't talk about things, or try to bully people, when you're so ignorant....[/quote]

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