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Peggy Wilson's avatar

It’s not the percentage of withholding that needs to change. It’s the cap on income that FICA taxes are paid on.

In 2025, income over $176,100 isn’t taxed. If all income was subject, the Trust Funds would be secure.

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Mark Danowsky's avatar

Yep. 100%:

"... if the ultra-wealthy paid the same percentage as the rest of us? Social Security would be fully funded for the next 75 years—with room to boost benefits."

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