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The Social Security Fix Nobody Wants to Talk About | A small tax increase would make the essential national retirement program secure for decades, our columnist says, but lawmakers would have to act (www.nytimes.com)

submitted 5 months ago by silence7 to c/nyt_gift_articles@sopuli.xyz

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[–] rjthyen@lemm.ee 2 points 5 months ago (1 children)

This is a very uninformed comment, but isn't the social security tax essentially capped at earnings of 100k? Like if I make 200k a year I pay in the same as someone making 100k?

[–] silence7 4 points 5 months ago

Yeah, though the cap is inflation-indexed, and currently at $168,600

The article talks about eliminating the cap as part of dealing with the actuarial deficit.