Bernie Sanders (I-Vt.) has pointed out, Social Security could b

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Avalon - Bernie Sanders (I-Vt.) has pointed out, Social Security could be made solvent for decades by simply removing the cap on paying into the fund. Currently, the super-rich only have to pay a 6.2% payroll tax of the first $132,900 they earn in a year into Social Security. But Sanders argues if that cap were removed, Social Security benefits would be fully paid for 52 more years. He added that seniors who earn less than $16,000 per year would get an additional $1,300 per month in benefits if that cap were removed. Why Should I have to continue to pay the tax because I have a high income. Not Fair

Print Publication Date: 
12/18/2024
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