✉news BusinessPersonal Finance first seen 14 d ago, last 18 min ago, peak #5
Lifting Social Security Payroll Tax Cap Gains Traction
Original: Lifting the $184,500 Payroll Tax Cap Is the Social Security Fix Gaining Traction. Here's Who Pays for It
A proposal to lift or remove the $184,500 cap on wages subject to Social Security payroll taxes is gaining attention as a possible fix for the program's funding shortfall. Under the plan, higher earners would pay Social Security taxes on income above the cap, while most workers' paychecks would be unaffected. Debate centers on which income levels would face the higher taxes and how much revenue it would raise.
Why now: Ongoing concern over Social Security's solvency is driving interest in funding reform options
Social SecurityUnited States Congress
Rank over time, top of the chart is #1. 3 snapshots from 3 h ago to 18 min ago.
Evidence
- Lifting the $184,500 Payroll Tax Cap Is the Social Security Fix Gaining Traction. Here's Who Pays for It · 24/7 Wall St.
- Lifting the $184,500 Payroll Tax Cap Is the Social Security Fix Gaining Traction. Here's Who Pays for It · 24/7 Wall St.
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