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Ron Johnson: “Right now the top marginal tax rate is 37% plus you have…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

'We Have An Enormous Problem': Ron Johnson Issues Warning About Social Security

Published April 4, 2026 | Video Starts at 02:11

But the question I have for you is because part of the solution is, okay, let's, if not, take off the cap, increase the cap. So the impact of that would be. Right. Right now the top marginal tax rate is 37% plus you have Medicare which has no cap. Right, But I'll use a 37%, 37% and then I'll use the entire payroll tax which is 15.3%. Correct. The total amount. (02:11–02:19)

CLAIM

Asserts that the current top marginal tax rate is 37% and Medicare has no cap.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Ron Johnson

“A low earner gets $3.86 for every dollar they paid in [to the system].”
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“If you're a single male and you're high income, you get 83 cents for every dollar.”
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“If we take the cap off or increase it, we're going to take the 37% top margin rate and increase that to 52.3%.”
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“Eliminate the cap entirely [would solve] 60% of the problem.”
'We Have An Enormous Problem': Ron Johnson Issues Warning About Social Security | Uploaded April 4, 2026 | 02:50-02:53
“A low income earner gets $2.70 for every dollar [paid in].”
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“A medium earner gets $1.88 for every dollar they pay in.”
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“A high income earner actually gets a buck 55 for every dollar.”
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“The entire payroll tax which is 15.3%.”
'We Have An Enormous Problem': Ron Johnson Issues Warning About Social Security | Uploaded April 4, 2026 | 02:24-02:28