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Should The Wealthy Give Up Their Social Security Benefits? - Morningstar.com
As the looming insolvency date for Social Security steadily grows closer, more and more discussions on how to keep the system paying full benefits lean toward making high-income earners pay more. Some even ask if Social Security should be income-based.
Any decision on whether or not wealthier retirees should receive less Social Security, or nothing at all, would have to come through Congress. This would reopen the longstanding debate on whether or not Social Security should remain “universal social insurance” or become more of a means-tested program.
Very few people are aware of it, but you can donate to the Social Security Trust Fund, and it is a tax-deductible donation. Use the following link to find out how. Click here….
Quentin Fottrell has written an article about this discussion. Read the complete article here
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