17 Aug 2026 5:53 pm
Does that cover the deficit? Seems like a heavy lift for a rather small percentage of higher income households.jerrab » 17 Aug 2026, 4:53 pm » wrote: ↑ The standard Social Security tax rate is 6.2% for employees and 6.2% for employers, resulting in a total contribution of 12.4% ////// my plan --drop the employer's share//// 4% after 184,000----250,000 /then 2%--251,000--300,000---and then 1% thru 301,000- 400,000
4-5% of households break the $300k level. They didn't break the system.
My guess is it will be a combination of changes that not everyone is going to like.