Financial Facts About Barack Obama - Part 3: The Social Security Issue

Posted by on July 18th, 2008 at 11:07am

Money Roots - Personal Finance blog providing tips and ideas in the world of money. wrote an interesting post today on
Here’s a quick excerpt
This post concludes my three-part Financial Facts About Barack Obama series.  On Wednesday, I looked at the effect of Obama’s proposal to let the Bush tax cuts expire, and yesterday I focused on the effect of his proposal to raise the long-term capital gains tax.  Today, I want to write about Obama’s proposal to raise Social Security taxes. The Social Security Tax Hike As it is, the Social Security tax amounts to a 12.4 % tax on earnings up to $102,000.  Obama hasn’t been clear on what he wan

Read the rest of this great post here

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