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Why Raising Social Security Taxes is a Bad Idea

Monday, July 28th, 2008 By Marc Kilmer

The Center for Freedom and Prosperity has released a video by the Cato Institute’s Dan Mitchell that discusses the economic problems that would follow adoption of Senator Barack Obama’s idea to impose Social Security taxes on incomes over $250,000. There’s a lot of good information in this video about tax rates, economic growth, Social Security, and proper tax policy:

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This entry was posted on Monday, July 28th, 2008 at 4:22 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Why Raising Social Security Taxes is a Bad Idea”

  1. Marc Schare Says:
    July 29th, 2008 at 11:08 am

    Mark:

    Obama’s plan to possibly apply the FICA tax to unearned income is far more concerning. Replacing private taxpayer retirement accounts with government retirement accounts is crazy, but the Senator may have concluded that he needs Social Security more than you need the interest/dividends from your portfolio.

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