In 2025, you'll pay a Social Security tax of 6.2% on the first $176,100 you earn -- up from the previous cap of $168,600 in 2024. Each year, the Social Security Administration (SSA) looks at the ...
Social Security is facing a financial shortfall that could lead to the program’s inability to pay full benefits to retiring Americans in about a decade. The program operates with two trust funds, one ...
When discussions about Social Security’s future arise, many assume the only options involve cutting benefits or raising taxes ...
Social Security is facing a revenue shortfall that could lead to sweeping benefit cuts. Raising or eliminating the program’s wage cap could make the program more solvent. That won’t necessarily fix ...
Interestingly, the taxable maximum only increases if Social Security had a cost-of-living adjustment (COLA) the previous year. The maximum remained steady from 2009 to 2011 and in 2016, for example — ...
Editor: The wealthy politicians who capped payment of Social Security taxes in 2025 to the first $176,000 of earnings continue to cheat the 99% of us who do not make $1 million a year. A millionaire ...
If nothing is done to change course, Americans on Social Security may see their monthly benefits drop by 25% in the years ahead. That’s because the Social Security trust fund reserves could become ...
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