1 results for 'fair contribution'
Bernie Sanders, an Independent senator from Vermont recently introduced a bill in the Senate titled: Keeping Our Social Security Promise Act. A companion bill was introduced into the House by Congressman DeFazio (D-OR). The bill, if passed will save Social Security for the next 75 years and would not require any decrease in benefits or a raise in the eligibility age requirement.
Presently, Americans to pay 6.2% of their wages to support the Social Security system. Income up to $113,700 is subject to the tax. Wage income beyond $113,700 is not taxed. Essentially this means the majority... (more)
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