Why this change to Social Security is most likely to happen - The Motley Fool

There are many proposals to resolve the Social Security insolvency problem and preserve full benefits for Social Security recipients; not all have bipartisan support. However, there is one that enjoys this support: Tax income above $400,000 to help fund Social Security. Americans currently only pay Social Security taxes on income up to $147,000 per year. If this proposal goes into effect, it will create a “doughnut hole” that will eventually close, raising the annual taxable income. Keith Speights explains how this proposal works and how it may or may not happen. Read Mr. Speights’ article here…

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