PolitiFact Florida: Alan Grayson scores with point about LeBron James and Social Security taxes
Not only has U.S. Rep. Alan Grayson endorsed presidential candidate Bernie Sanders, he also has echoed one of the senator’s main platform planks that the rich should help shore up Social Security.
At a Senate campaign debate with U.S. Rep. David Jolly, R-Indian Shores, in Orlando on April 25, 2016, Grayson said the Social Security payroll tax cap on earnings needs to be lifted in order to make the program solvent. He used the mind-boggling salary of professional basketball superstar LeBron James to illustrate his point.
"Let's talk about LeBron James. Do you know when he stops paying his Social Security taxes? He stops paying his Social Security taxes at the beginning of the second quarter of the first game of the season," Grayson said. "Rest of the game, pays nothing. Rest of the 81 games of the season, pays nothing. The offseason, still pays nothing. That's ridiculous."
The Cleveland Cavaliers forward rakes in an average of $23.5 million per year as part of his current two-year contract, so it’s not like he’s going to depend on Social Security in his twilight years.
But is Grayson right that James is done paying into the program before halftime of the first game of the season? It’s not a slam dunk, but the Orlando Democrat does score points with this one.
We rated this statement Mostly True. For the box score on this one, click here.