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To: 6thavenue

“Why not more revenue - ie taxes?”

Raising the Social Security tax WOULD solve the issue, but it is already at 12%. That is already very high. But “an immediate 3.24 percentage point increase in the payroll tax rate (from 12.40% to 15.64%)” would make it solvent.

But I think the young are tired of paying more and more. Older folks (I’ll be at full retirement age soon) don’t want significant cuts - although all my retirement planning ASSUMES I won’t get SS because I don’t trust the government OR VOTERS to manage SS responsibly.


99 posted on 01/28/2023 10:07:28 AM PST by Mr Rogers (We're a nation of feelings, not thoughts.)
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To: Mr Rogers

“ Raising the Social Security tax WOULD solve the issue”

I don’t support that. I favor at least looking at reversing the Paul Ryan tax cut for big woke corporations


109 posted on 01/28/2023 10:15:19 AM PST by 6thavenue
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