To the editor: The place is the inequality in Social Safety? (“The richest Americans finished paying their Social Security taxes last week. Most of us will pay all year,” column, Jan. 7)
If a millionaire pays the very same quantity yearly in Social Safety taxes as somebody making round $200,000, they usually each obtain precisely the identical return, that’s the definition of equality.
It makes no distinction if the millionaire makes his cost to Social Safety within the first week of the 12 months and his counterpart finishes his cost in December. The Social Safety system truly advantages by incomes a return on the millionaire’s cost for 12 months.
Larry Hart, Tarzana
..
To the editor: I agree with columnist Michael Hiltzik on the inequality of Social Safety taxes.
I believe we must always carry the cap on taxable earnings for Social Safety and apply a progressive charge as quickly as doable. I might additionally contemplate making use of a progressive tax charge on anybody who earns above a specific amount in unearned earnings.
It’s unconscionable that one individual reminiscent of Elon Musk could make billions of {dollars} whereas about 60% of Individuals dwell paycheck to paycheck. I might argue that Musk and his fellow billionaires are capable of rake in a lot cash due to favorable authorities insurance policies and the help of the American shopper and employee.
June Thompson, Los Angeles
