Thing is, there have been loads of Social Security changes since it was implemented — sometimes it boosted the benefit (such as inflation boosting), but most of it has been increase in payroll tax and indirect cuts (such as income taxation of benefits, and the slow increase in full retirement age.)
I assume future cuts will be in similar indirect ways, or by means-testing in general. Also, the salary cap will be removed for taxation (but not for benefit calculation)
eliminate the cap on SS tax…double (or more) the amount that determines if one pays tax on SS benefits (it has not changed with inflation for a quarter of a century)…most of problem solved…your welcome…
Thing is, there have been loads of Social Security changes since it was implemented — sometimes it boosted the benefit (such as inflation boosting), but most of it has been increase in payroll tax and indirect cuts (such as income taxation of benefits, and the slow increase in full retirement age.)
I assume future cuts will be in similar indirect ways, or by means-testing in general. Also, the salary cap will be removed for taxation (but not for benefit calculation)
eliminate the cap on SS tax…double (or more) the amount that determines if one pays tax on SS benefits (it has not changed with inflation for a quarter of a century)…most of problem solved…your welcome…