The Market Ticker - Here Comes Insanity -- Reality Has Been Shelved
Well look what we have here...
A significant expansion of Social Security currently under consideration by House Democrats would extend the program’s solvency and expand benefits by raising payroll taxes on high-income earners.
If passed, the bill — the Social Security 2100 Act — introduced by Rep. John Larson, D-Conn., would make the program solvent for at least 75 years by beginning to gradually raise payroll taxes in 2020, according to the chief actuary of the Social Security Administration. Under current law, Social Security is expected to expire by 2035.
Currently, all employees and employers pay a 6.2 percent payroll tax on wages capped…….
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Source: https://www.market-ticker.org/akcs-www?post=236814
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