Could This Policy Change Be the Key to Extending Social Security Funding?

A new proposal would cap annual Social Security cost-of-living adjustments for top earnings beneficiaries, potentially closing 10% of the program’s funding gap.
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Raising Social Security tax cap for high-income earners would help, but not fix, its shrinking reserves

Social Security is facing a financial shortfall that could lead to the program’s inability to pay full benefits to retiring Americans in about a decade. The program operates with two trust funds, one ...
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The Social Security Salary Cap Is Increasing In 2025. Here's How Much.

In 2025, you'll pay a Social Security tax of 6.2% on the first $176,100 you earn -- up from the previous cap of $168,600 in 2024. Each year, the Social Security Administration (SSA) looks at the ...
AOL

Eliminating the Social Security tax cap would only affect 6% of earners – is it the fix we need?

Social Security relies on payroll tax revenue to stay afloat. Some say that eliminating the wage cap will solve the program’s problems. That solution may not be as effective as people think. Are you ...
AOL

Would Lifting the Social Security Cap Really Solve Half of the Funding Problem?

Social Security is facing a revenue shortfall that could lead to sweeping benefit cuts. Raising or eliminating the program’s wage cap could make the program more solvent. That won’t necessarily fix ...
Forbes

Social Security’s Payroll Tax Stops For The Rich — But Not For You

NEW YORK, NEW YORK - MAY 02: Elon Musk attends the 2022 Met Gala celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Noam ...