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One More Plug for Eliminating the Social Security Tax Cap
It’s not a new thought, but it is one that keeps coming up. And it’s one that will get a lot of attention when (if?) the issue of Social Security Reform gets its much=needed attention in the 117th Congress. Of, course, we’re talking about simply eliminating the cap on taxable earnings–$142,800 for 2021–and making all earnings subject to FICA tax. There are pros and cons, of course, but modbee.com contributor Sam Oppenheim categorizes this as a “reasonable” change to address the long-term solvency issue. Check out his post here…