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Voltaire2

(15,377 posts)
4. The income caps were set in 1984 and
Sun Mar 16, 2025, 08:05 AM
Mar 2025

have never been inflation adjusted. That is a bit of bullshit that should be undone. The caps should be cola’d annually.

Ss financing can be fixed by removing the other cap, the fica cap, on paying into ss.

Recommendations

4 members have recommended this reply (displayed in chronological order):

I'm retired on SS while my wife is still working MichMan Mar 2025 #1
Not at all, I just posted numbers. gab13by13 Mar 2025 #3
Back of envelope estimate AnnaLee Mar 2025 #5
The only way to ensure the integrity of markodochartaigh Mar 2025 #2
The income caps were set in 1984 and Voltaire2 Mar 2025 #4
It wouldn't benefit only the rich SickOfTheOnePct Mar 2025 #6
I would love love love Tickle Mar 2025 #7
Not that they will do it, but over a certain income threshold, SS should not be paid. Warren Buffet does not need SS. dutch777 Mar 2025 #8
That is a terrible idea MichMan Mar 2025 #10
Not forgetting your SS taxes won't show up no_hypocrisy Mar 2025 #9
Do we really think this is Blue_Roses Mar 2025 #11
Right Cosmocat Mar 2025 #12
Yep Blue_Roses Mar 2025 #14
44K is NOT rich DenaliDemocrat Mar 2025 #13
You missed my point, gab13by13 Mar 2025 #15
Yeah no! DenaliDemocrat Mar 2025 #16
Same applies to SALT caps and deductions of mortgage interest MichMan Mar 2025 #17
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