More Thoughts on the Taxable Maximum and its Role in the Solvency Problem

Through the years, the issue of raising–or eliminating–the maximum amount of earnings subject to the Social Security payroll tax, the 12.4% assessment levied on payroll income up to the limit set each year, has repeatedly surfaced as a solution to…

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The Developing Rhetoric on Social Security’s Future

The airwaves are abuzz with commentary about Social Security and the recognition that we’re a mere decade away from a major financial setback for America’s seniors. Although the arrival date for full depletion of the program’s financial reserves is somewhat…

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CRFB White Paper: “Principles for Social Security Reform”

The Committee for a Responsible Federal Budget, a nonpartisan and non-profit organization committed to educating the public on issues with significant fiscal policy impact, has issued an important white paper this week. The group has been advocating for reform of…

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The return on patience is huge for Social Security

Lorie Konish of CNBC cites recent research showing all U.S. workers ages 45-62 would benefit from waiting until beyond age 65 to start receiving Social Security retirement benefits. While experts know this, few laypeople seem to consider it: retirement benefits…

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Social Security & Medicare cuts ‘off the table’ but commission possible

Speaker Kevin McCarthy meets with President Biden at The White House today, Wednesday February 1st. Lorie Konish of CNBC has been previewing how the two might tackle Social Security and Medicare, two programs headed for insolvency. McCarthy has stated any…

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Ask Rusty – Canadian Expat Angry About His Reduced U.S. Social Security

Dear Rusty: I am a 62-year old Canadian expat who has lived in the U.S. for the last 30-years. I worked in both Canada and the U.S. throughout my career. I came to this country, worked hard and contributed faithfully…

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