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 fee to Social Safety within the first week of the yr and his counterpart finishes his fee in December. The Social Safety system truly advantages by incomes a return on the millionaire’s fee for 12 months.
Larry Hart, Tarzana
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To the editor: I agree with columnist Michael Hiltzik on the inequality of Social Safety taxes.
I believe we should always carry the cap on taxable revenue for Social Safety and apply a progressive price as quickly as doable. I might additionally think about making use of a progressive tax price on anybody who earns above a specific amount in unearned revenue.
It’s unconscionable that one individual comparable to Elon Musk could make billions of {dollars} whereas about 60% of Individuals stay paycheck to paycheck. I might argue that Musk and his fellow billionaires are in a position to rake in a lot cash due to favorable authorities insurance policies and the help of the American shopper and employee.
June Thompson, Los Angeles
