On Mon, 30 Jun 2008 14:02:21 -0700 (PDT), "Robert M. Gary"
wrote in
:

"Obama to push for higher Social Security tax"
http://www.msnbc.msn.com/id/21739271/

So expect your paycheck to get smaller.

Nov. 11, 2007
But during an interview on NBC's "Meet the Press," Obama said
subjecting more of a person's income to the payroll tax is the
option he would push for if elected president. He objected to
benefit cuts or a higher retirement age. ...

Currently [2007], only the first $97,500 of a person's annual
income is taxed. The amount is scheduled to rise to $102,000 next
year.

Obama also invoked his friend, billionaire Warren Buffett, who
Obama said has expressed concern that he pays less in Social
Security taxes than anyone else in his office.

"And he has said, and I think a lot of us who have been fortunate
are willing to pay a little bit more to make sure that a senior
citizen who is struggling to deal with rising property taxes or
rising heating bills, that they've got the coverage that they
need," Obama said.


So it would appear that Obama proposal would result in the wealthy
assisting in funding seniors.