DEMOCRATS TO TAX PROFESSIONALS

Democrats to tax professionals. Much of the Democratic race has focused on taxes aimed to reduce inequality and fund progressive goals on health care and other goals of the Democrats, including increasing taxes on 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 IRS payroll taxes for income up to $132,900. They owe nothing on earnings above that level. Some Democrats in the thick of the presidential race and on Capital Hill now seek to change or eliminate that cap--potentially placing a new double-digit tax on high earners, with several plans focusing on earnings above $250,000. Democrats to tax professionals.

This would pump vastly more money into Social Security, enabling more generous benefits and helping sustain the finances of a program that could be forced to slash benefits in the decades ahead if nothing is done. The result would be  a large tax increase on high earners, even before other changes a Democratic administration might contemplate, such as increasing income tax rates or taxes on investment income. Through the decades the taxes Americans pay in are closely related to the benefits they eventually receive, assuming they live long enough. The top earners facing new Social Security taxes would not see their future benefits rise commensurately; rather it would amount to a transfer from high earners to low and middle income Social Security recipients. "The traditional argument has always been that Social Security is very popular because it's not seen like a traditional welfare program," said Kyle Pomerleau, a resident fellow at the conservative leaning American Enterprise Institute. "What you pay in roughly corresponds to what you get. Once you start taxing certain levels of income without providing additional benefits based on that tax, you are breaking that link." Democrats to tax professionals.

If you find that your one of the Americans whose benefits were cut off and you also have a back tax problem, we can help. We are a 36 year old Tax Resolution Company that goes back to the beginning of the Tax Resolution Services industry. We operate Nationwide, and can help you file back tax returns, and determine all of your options for Tax Relief that exist in the IRS Revenue Code. Our Tax Resolution involves decades of experienced Tax Professionals who know how to cut thru IRS Red Tape. Call us if you want to explore the IRS Fresh Start Program and all options not in that particular program that might help you. Leaders in the Tax Resolution Services industry for 36 years. Call Today. 1-888-689-7861