The Social Security Fix Nobody Wants to Talk About | A small tax increase would make the essential national retirement program secure for decades, our columnist says, but lawmakers would have to act
Submitted 6 months ago by silence7@slrpnk.net to nyt_gift_articles@sopuli.xyz
rjthyen@lemm.ee 6 months ago
This is a very uninformed comment, but isn’t the social security tax essentially capped at earnings of 100k? Like if I make 200k a year I pay in the same as someone making 100k?
silence7@slrpnk.net 6 months ago
Yeah, though the cap is inflation-indexed, and currently at $168,600
The article talks about eliminating the cap as part of dealing with the actuarial deficit.