Such a simple fix America…
“If all income in excess of $400,000 were subject to the Social Security payroll tax, Social Security’s solvency would be guaranteed forever. We could also expand Social Security benefits.”
Thanks to Trump's tax cuts for the rich, Social Security's trustees warn the program will be unable to pay out full benefits by 2032.
There's only one way to reverse this trend.
Scrap the cap on income subject to Social Security taxes.