Hillary had said under her plan Trump’s contribution to Social Security would go up unless he finds a way to get out of it. He replied, “Such a Nasty Woman.”
This is probably going to make some rich people mad, but will probably be of interest to the working men who seem to be drawn to Trump. In 1983 (Reagan admin.) there was a bipartisan agreement to save Social Security by for the first time taxing social security benefits according to a complicated tax formula that allowed a $25,000 deduction for Single people and a $32,000 deduction for couples. It was also agreed that there would be a 90% Wage Cap, above which no deductions would be made from income to go into the SS trust fund. This wage cap goes up each year according to inflation (under 4%), but under Reagan and mostly since then high level earners wages have often gone up 10 to 20%. If the agreed Wage Cap had been maintained at the 90% level, there would be NO SS problem in our foreseeable future. In addition the deductions from the tax formula have not been changed for 33 years which means the middle class is paying far more tax on their SS than they should be. I looked at the CPI 2 years ago and according to inflation these deductions should have been $57,000 for singles, and $74,000 for couples. I don’t know what Hillary’s SS plan is, but something ain’t right as things are.