Should We Eliminate the Social Security Tax Cap? Here Are the Pros and Cons

There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.

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Should We Eliminate the Social Security Tax Cap? Here Are the Pros and Cons, fica tax

Social Security fix: Eliminating or lifting the tax cap would help stabilize Social Security, while also being fairer to most Americans, experts say. - CBS News

Social Security COLA 2024 may impact your taxes in a big way

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Should We Eliminate the Social Security Tax Cap? Here Are the Pros

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