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Home»Opinions»Repair Social Safety by lifting the taxable earnings cap
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Repair Social Safety by lifting the taxable earnings cap

DaneBy DaneDecember 16, 2024No Comments1 Min Read
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Repair Social Safety by lifting the taxable earnings cap
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Dec. 15, 2024 3 AM PT

To the editor: There’s a easy answer that would clear up Social Safety’s “working out of cash” downside merely and pretty — take away earnings limits for paying the tax, presently $168,600. (“Trump promised he received’t lower Social Safety. Do you have to belief him?” column, Dec. 10)

I’ve had years the place my pay went past the restrict, so Social Safety taxes weren’t withheld on earnings above that. It was good to get a couple of further bucks in my paycheck, however let’s be sincere: When you go these limits, the tax break shouldn’t be giant sufficient to make a cloth distinction in day-to-day residing.

Nonetheless, chopping advantages to retirees by 30%, as is predicted in a decade or so, would have a big influence on many individuals’s lives. It could additionally have an effect on society, the financial system and doubtlessly our nation’s standing on the earth, notably because the retired inhabitants swells and outnumbers that of youthful generations.

Kathi Weiner, Dana Level

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