Do we have a Deal?
Moody's Talks - Inside Economics
00:00
The Problem With Social Security
Right now, for social security, you pay you and your employer, each pay 6.2% on any wages up to $147,000. And you pay zero on anything above that into the social security trust fund. The share of wages that are taxed have been declining over time because wage growth has been going up more than whatever the cap is indexed in inflation by. So one thing you could do is say, look, we just want 90% of wages to be covered.
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