Sentences with phrase «taxable wage cap»
An analysis found that even a big increase to a full retirement age of 70 would only take care of 25 % of the Social Security funding gap, while a 1 % tax increase would make up for 52 % of the problem and eliminating the taxable wage cap would pay for 74 %.
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An analysis found that even a big increase to a full retirement age of 70 would only take care of 25 % of the Social Security funding gap, while a 1 % tax increase would make up for 52 % of the problem and eliminating the taxable wage cap would pay for 74 %.
Not exact matches
For instance, a recent poll from The Senior Citizens League shows that more seniors support raising the taxable maximum wage cap for Social Security from the current $ 118,500 limit over other actions like raising the full retirement age.