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Taxable Maximum Changes Likely to Draw New Attention - 24/7 Wall St,
With the U.S. Congress’s change in control, the popular “lifting the cap” on taxable wages is likely to gain momentum in the search for a solution to Social Security’s financial problems. 247wallst.com’s Jake FitzGerald discusses this controversial “fix” for the program’s revenue shortfall in a post on their website, and explains one of its significant missing pieces—the absence of reference to investment income.
As popular as the suggestion is, it’s also one of the least understood, especially by many who campaign for it. For more background, check out this AMAC Newsline article.
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