Should the Social Security payroll tax be capped or limited to the first US$118,500 of wages? Provide reasons that are used to justify both sides of this proposal, that is, in support of and against.
What will be an ideal response?
Supporters of this proposal argue that lifting the amount of income that is taxed is a more progressive tax policy and is more equitable. Lifting the limits would enable the social security program to raise a large amount of revenue to sustain the benefit program. Opponents of this position argue that it is not equitable for the wealthy to pay more for this program, which largely benefits those with lower incomes.
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Indicate whether this statement is true or false.
With the passage of the Smith Act, Congress
A) required that all communist "front" organizations register with the United States attorney general. B) made it a crime to advocate the overthrow of the United States government by force. C) made it a crime to write anything "malicious" about the government of John Adams. D) all of the above. E) made in a felony to believe in any doctrine associated with a foreign government.