dngnb8
Disneyphile
- Joined
- Mar 23, 2011
- Messages
- 3,717
Anyone making over $110,000/yr stops paying the Social Security tax on any portion over that. That's an automatic raise for someone already making well over the median annual salary. Is that a "fair share"?
They also pay sales tax, gas tax, car registration tax, etc. All of which amount to a greater percentage of their income than someone making over $110,000/yr (to pick the salary used above).
Are you aware of how a Defined Benefit Plan works?