Social Security's payroll tax rate could increase. Here's why I'd rather that happen sooner rather than later.

I don't love paying taxes any more than you do, but in this case, a tax increase now is the lesser of two evils.

Could raising the payroll tax rate save Social Security?

With Social Security facing a funding shortfall, some lawmakers want to raise or eliminate the payroll tax cap to help avoid ...

Here's the Painful Payroll Tax Increase That Would Be Necessary to Avoid Social Security Benefit Cuts in 6 Years

Workers could start feeling the strain in just a few years.

Tax Capital To Fund Social Security, Whether You Like It Or Not

Elizabeth Warren and Bernie Moreno back a broader Social Security tax base as 2032 benefit cuts loom, including taxes on ...
NBC 10 Philadelphia

Social Security payroll tax limit increases for 2025. Here's how that may affect you

The Social Security Administration on Oct. 10 unveiled a higher threshold for earnings subject to Social Security payroll taxes, known as the "taxable maximum" or "wage base." The limit shifts ...

The Social Security Fix That Would Send Tax Rates Soaring

There are only a handful of ways to shore up Social Security. Sens. Bernie Moreno and Elizabeth Warren are backing one of the ...
Opinion

The Elixir of the Payroll-Tax Cap and Other Social Security Myths

Since the mid-1990s, Social Security trustees have warned lawmakers that insolvency was coming in the 2030s. Why are lawmakers seemingly content to wait until we reach that cliff, now projected for ...

Understanding Regressive Taxes: Definition and Common Types

Explore what regressive taxes are, how they affect low-income earners, and examples like sales, excise, and payroll taxes ...