When I retired, it was 7.65% of gross from the worker and a matching amount from the employer; I'm not aware of any changes since although there's been a lot of hot air and smoke blown into various places. What I'm suggesting is removing the income cap which for 2022 was $147,000.
When I retired, it was 7.65% of gross from the worker and a matching amount from the employer; I'm not aware of any changes since although there's been a lot of hot air and smoke blown into various places. What I'm suggesting is removing the income cap which for 2022 was $147,000.
I agree - removing the cap would help the social security fund AND be the right thing to do. Its time that was done - no matter how much static we all would hear.
The static from the small percentage (by numbers) of taxpayers who would be impacted is much less than what we'd hear if there was an attempt a la Macron, to raise the minimum age for retirement.
When I retired, it was 7.65% of gross from the worker and a matching amount from the employer; I'm not aware of any changes since although there's been a lot of hot air and smoke blown into various places. What I'm suggesting is removing the income cap which for 2022 was $147,000.
I agree - removing the cap would help the social security fund AND be the right thing to do. Its time that was done - no matter how much static we all would hear.
The static from the small percentage (by numbers) of taxpayers who would be impacted is much less than what we'd hear if there was an attempt a la Macron, to raise the minimum age for retirement.