These folks don't understand bend points and the cutoff

Reader comment on: Another Right-Winger For Soaking the 'Rich'

Submitted by Lyle (United States), Aug 30, 2010 23:06

Since the SS benefit formula stops at the cap, and for the upper half of the range it pays only .15 on the dollar of average earnings it is already tilted, combine this with the 85% taxable range if income is above some amount as well. Now if you abolish the cap you could put in a 3rd bend point at the cap level where the pay back is .05 on the dollar.

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