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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

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Submitted ⁨⁨1⁩ ⁨year⁩ ago⁩ by ⁨silence7@slrpnk.net⁩ to ⁨nyt_gift_articles@sopuli.xyz⁩

https://www.nytimes.com/2024/05/31/business/social-security-trust-funds.html?unlocked_article_code=1.xE0.PA-8.7uXw0PHjeaXt

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  • rjthyen@lemm.ee ⁨1⁩ ⁨year⁩ 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?

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    • silence7@slrpnk.net ⁨1⁩ ⁨year⁩ 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.

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