Truthout.org political website: on Social Security


Howie Hawkins: The most regressive tax of all is the FICA payroll tax

The most regressive tax of all is the FICA payroll tax at 15.3 percent for Social Security and Medicare. 15.3 percent includes the employer match. But employers include the tax in their labor budgets and it limits what they can pay their workers. The 12.4 percent Social Security share of FICA is outright regressive because it is capped for high-income earners at $128,400 in 2018.
Source: Truthout, "Popular Resistance" on 2020 presidential hopefuls Apr 19, 2019

Howie Hawkins: The most regressive tax of all is the FICA payroll tax

The most regressive tax of all is the FICA payroll tax at 15.3 percent for Social Security and Medicare. 15.3 percent includes the employer match. But employers include the tax in their labor budgets and it limits what they can pay their workers. The 12.4 percent Social Security share of FICA is outright regressive because it is capped for high-income earners at $128,400 in 2018.
Source: Truthout.org on 2020 presidential hopefuls Apr 19, 2019

  • The above quotations are from Truth-out.org political website.
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2016 Presidential contenders on Social Security:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI) 		Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
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