fix articles 366151, state finances
"We need a new economic balance" (tags)
If the US removed the cap on social security taxes, public spirit and generational fairness would return to the states. At present, there is a cap at $106K. If you make $4 million, you only pay social security tax on the first $106K.
Capital Logic on Trial (tags)
"Rainer Roth in The House of Cards puts the mechanisms of the capitalist economy on trial.. To counter the long-term descent of profit rates, the tax burden for businesses, a constant 21% from 1960 to 1980, has spiraled down to only 8% today.."