sanitation@lemmy.today to Work Reform · 2 months agoWe can save Social Security. Scrap the Cap!lemmy.todayimagemessage-square23linkfedilinkarrow-up1473arrow-down111
arrow-up1462arrow-down1imageWe can save Social Security. Scrap the Cap!lemmy.todaysanitation@lemmy.today to Work Reform · 2 months agomessage-square23linkfedilink
minus-squareThe_vlinkfedilinkarrow-up5·2 months agoSlight modification. For SS the employer and employee pay 50/50. So the actual number is double that. If they lifted the cap the person making $5,176,000 would pay $731,369
minus-squareMacallanlinkfedilinkEnglisharrow-up14arrow-down1·2 months agoI’m not seeing any issues or downsides to that, they can afford it.
Slight modification.
For SS the employer and employee pay 50/50. So the actual number is double that.
If they lifted the cap the person making $5,176,000 would pay $731,369
I’m not seeing any issues or downsides to that, they can afford it.