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YOU CAN NOW COMMENT ON STORIES AND POLLS<br />
LET US KNOW HOW YOU FEEL ABOUT THE ISSUES.<br />
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NEW POLL OVERVIEW:<br />
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Many people advocate that the solution to solving the Social Security insolvency problem can be solved simply by eliminating the ceiling on withholding.<br />
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Currently the Social Security Wage Base is $106,800 and the Social Security tax rate is 6.20% paid by the employee and 6.20% paid by the employer. <br />
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A person with $10,000 of gross income will have $620.00 withheld as Social Security tax from his check, with the employer sending an additional $620.00. <br />
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A person with $110,000 of gross income in 2010 incurs Social Security tax of $6,621.60 (resulting in an effective rate of approximately 6% - the rate is lower because the income is more than the 2010 &quot;wage base&quot;), with $6,621.60 paid by the employer. <br />
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A person earning a million dollars in wages will pay the same $6,621.60 in Social Security tax (resulting in an effective rate of approximately 0.66%), with similar employer matching. <br />
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NEW POLL QUESTION:<br />
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Should the Social Security Tax Ceiling be eliminated?<br />
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Yes<br />
No<br />
Undecided<br />
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TO VOTE IN THIS POLL CLICK ON THIS LINK<br />
<a href="http://www.clinton-countygop.org/content/should-social-security-tax-ceiling-be-eliminated">http://www.clinton-countygop.org/content/should-social-security-tax-ceiling-be-eliminated</a><br />
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(To enter your comments click on &quot;Add new comment&quot; after you vote.)<br />
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PREVIOUS POLL QUESTION:<br />
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Should the Michigan Legislature pass this bill and an allow an exception for these retired state employees to double dip?<br />
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31% . . . . . . .Yes - allow this exception and consider exceptions in the future on a department by department basis based on need<br />
0% . . . . . . . .Yes - allow this exception but do not allow for exceptions in the future<br />
69% . . . . . . .No exceptions should be allowed<br />
0% . . . . . . . . Undecided<br />
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NO COMMENTS WERE MADE ON THIS POLL QUESTION:<br />
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