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Tax equality. This means that 100% of everyone's income is taxed for Social Security, not just middle class people (scrap the cap). It means that no matter the source of your income, it is all treated the same for tax purposes (no more calling a salary "carried interest" to change the tax rate on it, no more taxing dividends and capital gains at a different rate).

Submitted by Jeanie Egbert from CA in Taxes & Budget Nov. 5, 2014, 10:29 p.m.

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#3

12639 votes

remove the cap on income subject to Soc Sec Fica/Futa taxes AND simultaneously and substantially reduce the tax for everyone AND simultaneously tax profits from profits gained from "carried interest" as ordinary income, the same way realtors are taxed when they risk their capital spinning mortgaged real estate.

Submitted by taxpolicy in Taxes & Budget Jan. 4, 2015, 8:53 p.m.

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End the capital gains boondoggle. Money made from sweat should be taxed no more than money made from money. And in particular, end the "carried interest" charade.

Submitted by Dr. Charles David Hunt FACS in Taxes & Budget Dec. 10, 2014, 5:25 p.m.

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Merged Idea

Remove the cap on SS taxes. If millionaires and billionaires paid SS taxes on their full compensation, we'd be able to afford to pay SS benefits into infinity.

Submitted by Larry L. from CA in Taxes & Budget Jan. 3, 2015, 6:41 p.m.

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Lift the cap on Social Security Taxes! People earning $117,000 and above pay the Same Amount of Social Security Taxes as people earning Below $117,000. Do this and Social Security is not only Safe for the next 30-40 years but benefit payments can be at a level that actually makes people living on it "Secure".

Submitted by GabLib in Taxes & Budget Jan. 14, 2015, 1:42 p.m.

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Remove the cap from FICA

Submitted by AOB in Taxes & Budget Dec. 22, 2014, 2:58 p.m.

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Merged Idea

remove the salary cap from deductions for social security and make everyone pay no matter how much they make

Submitted by carol ann b. from TX in Taxes & Budget Dec. 10, 2014, 8:29 p.m.

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Soc Sec - End the Pay-in-cap.

Submitted by LVKen7 in Taxes & Budget Dec. 10, 2014, 5:15 p.m.

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Remove the cap on payments into Social Security so that any form of income either by salary, bonus, stock options, in kind use of special privileges such as limos., private aircraft, luxury living spaces or resorts, etc. provided without normal costs is subject to pay into the Social Security funds for the 'real' value of those privileges..

Submitted by WALTER O. from FL in Taxes & Budget Dec. 10, 2014, 7 p.m.

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Have all income subject to Social Security and Medicare tax: no cap.

Submitted by judyp in Taxes & Budget Dec. 10, 2014, 8:24 p.m.

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Remove the income ceiling used to calculate Social Security insurance. Include more than W2 salaries and wages in the formula. Why should high income individuals get all their SSI deductions from salaries above approximately $120,000 refunded. Again, this is an example of lower income people having to contribute a much higher percentage of their incomes, money that could go to basic necessities, not a second or third home.

Submitted by Donna in Taxes & Budget Dec. 12, 2014, 12:47 p.m.

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Remove salary caps on Social Security taxes and tax all income, rather than just income up to a the ceiling amount. Additional revenues created would cover the program indefinitely.

Submitted by progressplease in Taxes & Budget Dec. 11, 2014, 12:25 p.m.

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Over 90% of U S taxpayers pay Social Security & Medicare taxes on 100% of their earnings. The new cap of $117,000 can be repealed so that the wealthiest among us join the effort to fully fund Social Security and Medicare. Their joining to pay on their entire earnings (including hedge fund managers with their attempts to do an end run on ALL income tax liability) will be BIG! Think and take action on fairness! Repeal the cap and simultaneously this huge tax break for the wealthy.

Submitted by James D. from OR in Taxes & Budget Dec. 26, 2014, 12:21 p.m.

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End carried interest cap gain rate that allows hedge funds and others like Mitt Romney to enjoy low tax rates.

Submitted by CPA in Taxes & Budget Dec. 10, 2014, 6:48 p.m.

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Federal income tax rates should be highly progressive and even reach 99% for incomes of hundreds of million dollars to billions of dollars per year -- no loop holes, and all income should be taxed at the same rate, whether it is earned income, dividend or interest income, capital gains, etc. This measure would increase revenues to the government for use in free education, universal health care, rebuilding the infrastructure, etc., but more importantly would take the profit out of greed.

Submitted by Wayne E. S. from SD in Taxes & Budget Dec. 19, 2014, 1:57 a.m.

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Simplify taxes. Eliminate most deductions. Have all income treated equally regardless of whether interest, capital gains, carried interest, etc. Have all income subject to FICA and Medicare not just wages. Stop using the tax code for corporate and personal welfare. Instead, use a grant program if you want to give money in lieu of tax breaks.

Submitted by squirrelbird in Taxes & Budget Dec. 11, 2014, 11:41 p.m.

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Remove all deductions, exemptions, allowances, loopholes except the first $25,000 for living, breathing taxpayers being free of all taxes. All income is ordinary income with no special rates for dividends, options, or foreign income. The same graduated rates to be paid on all income regardless of its source.

Submitted by Bob in Taxes & Budget Jan. 3, 2015, 6:43 p.m.

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Eliminate the "carried interest" loophole that allows hedge fund managers and takeover pirates to pay a lower tax rate than ordinary working people.

Submitted by vxman in Taxes & Budget Dec. 19, 2014, 2:26 a.m.

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Tax all income for Social Security. Have the same tax brackets as Eisenhower did in the late 50's and early 60's, the top bracket being 90%.

Submitted by Ranual C. from WA in Taxes & Budget Dec. 26, 2014, 3:39 p.m.

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Remove the FICA contribution cap (at least for employees, if not for employers, too). Include other forms of compensation (e.g., stock options; personal perquisite items like company cars; excess insurance coverage; etc.) in the "earned income" category for FICA and Medicare deductions. Tax short-term capital gains (< 2 years) at the same rate as earned income.

Submitted by Tom R. from OH in Taxes & Budget Dec. 10, 2014, 10:15 a.m.

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Restore the safety net and social contract with citizens. Vastly increase Social Security minimum payments especially SSI and Disability. Increase cost of living adjustments to equal real inflation, not fat cat inflation. Make all high income taxable to social security. Stop disability discrimination at SSA and vastly increase those eligible for SSI especially mental illnesses that used to be covered.

Submitted by Stephen Hadley in Taxes & Budget Jan. 2, 2015, 8:23 p.m.

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robert w.

where is the 'vote' button? where is the 'vote' button?

Jan. 16, 2015, 3:35 p.m.

thecatlady

I vote for these

Jan. 16, 2015, 9:25 p.m.

wylie40

You cannot call it an equal tax and then dive into how certain groups pay more or less based on their income. That's not equal it's actually unequal. Maybe fair would be a better term and I could back that. Also, when you go after dividends please make sure you are separating those of us who are investing for our retirement and our kid's future. I am in that middle class and as a child lived in poverty. So be careful hat you are targeting the right people in your dividends tax rate hike.

Jan. 19, 2015, 5:54 p.m.