How proposals to tax more wages could boost Social Security benefits — or not
One possible way to improve the solvency of the Social Security system is to boost the amount of earnings subject to the payroll tax.
A reader recently asked me about various Social Security reform proposals that would raise the maximum taxable wage base as a way to improve the long-term solvency of the Social Security trust funds.
The combined reserves of the Old Age, Survivor and Disability (OASDI) trust funds are expected to b
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