Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
https://www.foxbusiness.com/politics/so ... -actuaries
Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
-
Nyte_Byrd
- Posts: 88525
- Joined: Sun Sep 27, 2020 7:10 pm
- Has thanked: 334 times
- Been thanked: 2971 times
Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
"If You're Here To Teach, You've Much To Learn"
Re: Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
THis is what Biden wants
Biden says the rich should pay more in taxes to keep Social Security solvent
From CNN's Bryan Mena
Social Security Social Security is facing a cliff in 2035 if Congress doesn’t act. President Joe Biden on Thursday night said that the very wealthy should “begin to pay their fair share.” to help the program stay financially sound.
Biden hasn’t laid out a detailed plan on how he plans to shore up Social Security, but his main proposal has been to raise taxes on high-income Americans.
Employers and employees each pay a 6.2% tax, for a total of 12.4%, into Social Security. But the earnings subject to that tax are capped at $168,600 in 2024.
Biden says the rich should pay more in taxes to keep Social Security solvent
From CNN's Bryan Mena
Social Security Social Security is facing a cliff in 2035 if Congress doesn’t act. President Joe Biden on Thursday night said that the very wealthy should “begin to pay their fair share.” to help the program stay financially sound.
Biden hasn’t laid out a detailed plan on how he plans to shore up Social Security, but his main proposal has been to raise taxes on high-income Americans.
Employers and employees each pay a 6.2% tax, for a total of 12.4%, into Social Security. But the earnings subject to that tax are capped at $168,600 in 2024.