# JayS, AWD, Political Crew: Why do we cap SS tax?

**URL:** https://forums.speedlife.net/t/jays-awd-political-crew-why-do-we-cap-ss-tax/43978
**Category:** PolitiSUCK
**Created:** [February 25, 2008, 4:57am UTC](https://forums.speedlife.net/t/jays-awd-political-crew-why-do-we-cap-ss-tax/43978 "2008-02-25T04:57:58Z")
**Posts on this page:** 1
**Showing post:** 43

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### Author: ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [February 25, 2008, 8:51am UTC](https://forums.speedlife.net/t/jays-awd-political-crew-why-do-we-cap-ss-tax/43978/43 "2008-02-25T08:51:13Z")

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> [@Nikuk](#):
>
> Depends on what _you want_. Your choice. Your standard of living. …and most importantly, _living within Your means_.
> 
> I personally know someone who is in the 50-70k W2 range who also spends an additional 20-30 hrs a week on their independant 1099 job - making an additional ~30k/yr. He’s obviously above the poverty line… and not on public assitance. Why do you think he works “so hard” - by your standards?
> 
> YOU’RE NOT SUPPOSED TO **_LIVE_** OFF OF THEM. They are eduactional loans.

And your friend who’s working so hard is getting screwed, because the government is going to try to take half that 1099 income to pay for the programs the Joes are pitching. I know this for a fact because my 05 return was exactly what you stated. 55k income, 31k 1099, and if it weren’t for some very creative tax deductions my tax guy came up with the goverment wanted 17k of that 31k. Even with the deductions I still paid in around 12k on the 31k of work I did above and beyond my 40 hour a week job. That’s just not right.

And no, student loans are not for LIVING off. They pay tuition while your part time job or assistance from parents pays for your car/food/rent.

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