Exactly. According to the IRS, even with annual adjustments, over 50% of reported income isn't subject to the tax. If the cap was removed and the current benefit structure maintained, an additional $200 billion would accrue to the Trust Fund every year.
Exactly. According to the IRS, even with annual adjustments, over 50% of reported income isn't subject to the tax. If the cap was removed and the current benefit structure maintained, an additional $200 billion would accrue to the Trust Fund every year.
Exactly. According to the IRS, even with annual adjustments, over 50% of reported income isn't subject to the tax. If the cap was removed and the current benefit structure maintained, an additional $200 billion would accrue to the Trust Fund every year.