[lbo-talk] Tuff Lib'rul

[Wojtek Sokolowski]

Luke:
> Maybe, but I'd imagine much higher rates on any income earned in
excess of
> $150,000 would go a long way towards providing the money needed by the
> public sector.
> 

For one thing, lifting the $87k wage cap on social security tax and
treating stock options as taxable wages would go a really long way in
"saving" social security.  Just think: a corporate CEO raking in $7m per
annum in stock options would result in the following:
- $525 k SS tax from the CEO
- $525 k SS tax from the company that endowed the louse with such lavish
perks
- $1+m SS tax total

That is more in a year than an average wage slave contributes to SS in
his life time.  Assume average wage $35k/annum resulting in total SS tax
$5,250 times 40 years of toiling = mere $210k in his productive life
time.  

Remember that next time your so-called "elected representative" tells
you that SS is "broken" and needs "fixing."

Wojtek