A Geneva letter to the editor: Here's an easy fix to Social Security that makes common sense.
Here's an easy fix to Social Security that makes common sense. In 2023 a wage earner stops paying into Social security after making $160,200. That means a millionaire stops paying into Social Security by mid February.
Why not continue paying all year long? Why is there a limit? All earnings should be taxed. All my earnings are, why not the wealthy? So much more money would be added to the program that Uncle Sam would not need to worry about cuts. Plus, we would be able to start reducing the national debt.
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