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Yes, I believe Senator Slotkin was recommending that we remove the cap on Social Security so that folks making more than $180,000 continue to pay Social Securit
by rpdillon 3mo ago
Yes, I believe Senator Slotkin was recommending that we remove the cap on Social Security so that folks making more than $180,000 continue to pay Social Security tax on the income above that amount.
- Grombobulous 3mo agoNot only is that a workable idea but you can really do a lot of other things. For example, simply raising marginal income tax rates will recover taxes from 401k accounts since they already have required minimum distributions.