This is an important commentary. Angry Bear through the efforts of Bruce Webb and Dale Coberly had put together the Northwest Plan which was sent to Congressional Rep. Peter DeFazio. He in turn presented it to Social Security. We did get an answer back . . . the plan was workable.
The plan was to raise the tax for individuals and companies one tenth of 1% a year for 10 years for individuals and companies. Such an increase would be as little as $1 per week for individuals. Companies would see similar. From this amount, you would see 75 years of funding. A total of 2% under today's limits.
Of course if the cap was raised, solvency would be seen much sooner. Just a heads up Merrill.
Hi Merrill:
This is an important commentary. Angry Bear through the efforts of Bruce Webb and Dale Coberly had put together the Northwest Plan which was sent to Congressional Rep. Peter DeFazio. He in turn presented it to Social Security. We did get an answer back . . . the plan was workable.
The plan was to raise the tax for individuals and companies one tenth of 1% a year for 10 years for individuals and companies. Such an increase would be as little as $1 per week for individuals. Companies would see similar. From this amount, you would see 75 years of funding. A total of 2% under today's limits.
Of course if the cap was raised, solvency would be seen much sooner. Just a heads up Merrill.
Bill