US Politics on Sidechat | Can it be true? Lifting the income cap to apply the “full 12.4 percent payroll tax rate to all earnings” only pushes social security insolvency from 2033 to 2037?!

Join communities on Sidechat Download

US Politics 13h

Can it be true? Lifting the income cap to apply the “full 12.4 percent payroll tax rate to all earnings” only pushes social security insolvency from 2033 to 2037?!

4 upvotes, 1 comment. Sidechat link post by Anonymous in US Politics. "Can it be true?
Lifting the income cap to apply the “full 12.4 percent payroll tax rate to all earnings” only pushes social security insolvency from 2033 to 2037?!"

Long Range Solvency ProvisionsSearch

www.ssa.gov

1

4

Anonymous 13h

Correct, it’s not a super long term solution, you’d have to fund it via other methods such as increasing the income tax or decreasing benefits or using some other dividend However 4 years is definitely worth doing? It also strictly does not hurt low income people to do that so

1