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re: 56% of GOP voters want govt to pay more in monthly SS benefits/medicare
Posted on 5/15/24 at 7:40 pm to HailHailtoMichigan!
Posted on 5/15/24 at 7:40 pm to HailHailtoMichigan!
Easy fix. Just stop the cap on SS income deductions. Currently after $168K in yearly earnings you don't pay the SS deduction. I'm Ok with this and I fall in that category.
When our government can't agree on this simple fix how can they tackle anything?
When our government can't agree on this simple fix how can they tackle anything?
2
Posted on 5/15/24 at 8:45 pm to cuyahoga tiger
quote:
Easy fix. Just stop the cap on SS income deductions. Currently after $168K in yearly earnings you don't pay the SS deduction.
Can you show your work to prove that it really is an easy fix?
As in, the math?
As in, do enough people really make enough more than $168,000 a year to make up the shortfall?
I kind of doubt it.
This post was edited on 5/15/24 at 8:49 pm
Posted on 5/16/24 at 1:20 am to cuyahoga tiger
quote:Ooooh boy
Easy fix. Just stop the cap on SS income deductions
First off, asrepayment falls more or less IAW contributions, your proposal would mean you'd simply be due a bigger monthly check when you drew SS. Second, you're not going to make up a 23% deficit that way, even if SS was converted into a straight redistributional welfare system as you seem to propose.
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