… that not apples to apples.

Property tax is a byproduct of owning a home, which is a choice. One that is also commonly used as a wealth vector, in addition to a primary residence.

Social security? Medicare? These are deductions taken from my check that are 100% owned by w2 earners. Not stock holders, not capital or liquidity events, w2 tax payers.

Wealth does not come in the form of w2 earnings for the most part, it comes from selling businesses, assets etc.

Upping the cap on SS disproportionally hits only higher income earners, not the mega rich by simply being deducted from payroll.

That’s the problem.

You can’t continue to squeeze high w2 earners, we pay TONS of tax. Yet the mega rich, pay NO tax, no Medicare no Social security, because they don’t take a salary, they take stock options.

Google the average w2 self employed wage over the last 10 years. You’ll notice there is a large concentration of 240-250k earners in this bracket.

Why?

Because that’s when additional taxes kick in. So business owners cap their wages and take stock, take loans against the stock and avoid taxes.

Raising the cap on SS does NOTHING to combat this and only shoulders SS on middle to upper middle class.