The Social Security Tax Cap That Lets Million-Dollar Earners Stop Paying by March

The Social Security Tax Cap That Lets Million-Dollar Earners Stop Paying by March

Not every worker pays Social Security taxes all year long, and the reason why has sparked a fierce debate in Congress over the future of the program itself.

Taxing high earners to help fund Social Security gains bipartisan attention — what it could mean for benefits

Some lawmakers, including Republicans, are proposing to raise Social Security payroll taxes on high earners to help address the program's projected funding shortfall beginning in 2032.

Some Workers Pay Social Security Tax on $184,500 of Income. Lawmakers Want Them to Get Nothing Back

The post Some Workers Pay Social Security Tax on $184,500 of Income. Lawmakers Want Them to Get Nothing Back appeared first on 24/7 Wall St.. Without Social Security, many older Americans today would struggle to make ends meet. Unfortunately, Social Security is facing a funding crisis that could…

Raising the Social Security Tax Cap Could Fix the Program - But It Could Cost 900,000 Jobs

Lawmakers have been discussing raising or eliminating the Social Security payroll tax cap, but a nonprofit is warning that change might have major consequences.