The Retiree Advocate: On guard for Social Security!Quicklink submitted by Don Smith Permalink
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|Contrary to the assumptions behind Obama's deficit reduction commission, the Congressional Budget Office says Social Security can make its scheduled payments in full through 2043....Any long-range shortfall in Social Security funding could be addressed by simply abolishing the arbitrary $106,800 cap above which income is not subject to the 8.2% payroll tax. The cap enables the wealthy to amass billions...|
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