Why don’t they take social security tax from a higher threshold of income? Why put a cap on it? If the income/job counts towards social security, tax it.
Raise the maximum of $109,000 to $250,000 where Social Security can be taken from your paycheck. Lower the age from 67 back to 65 so we can collect more.
Why don’t they take social security tax from a higher threshold of income? Why put a cap on it? If the income/job counts towards social security, tax it.
The argument has been that the benefit is capped. so the tax should be, too.
Raise the maximum of $109,000 to $250,000 where Social Security can be taken from your paycheck. Lower the age from 67 back to 65 so we can collect more.
I think we'll see the maximum raised--but also the age when people can collect.