How Democrats Would Tax High-Income Professionals (Not Just the Mega-Rich) – The New York Times

Much of the Democratic primary race has focused on taxes aimed at the billionaire class policies devised to reduce inequality and fund progressive goals on health care and education.

But there s also a less discussed tax increase in leading Democratic policy proposals that would affect not just a tiny sliver of the ultra-wealthy, but also millions of high-income workers. For these people, many of them affluent professionals in Democratic strongholds, it would be the biggest tax increase in recent memory.

This year, American workers and their employers owe a combined 12.4 percent on Social Security payroll taxes for income up to $132,900 (rising to $137,700 in 2020). They owe nothing on earnings above that level.

via www.nytimes.com

This is just great. I have been thinking lately that I have more money than I know what to do with. As to the State of California, they seem to need more money too. By all means, come and feast on my substance, you greedy cannibals you.