- " Gradually increase the taxable maximum to capture percent of wages by 2050" (Page 46) - In other words, the cap at which SS is taken out of paychecks would go up and up.
- "Increase progressivity of benefit formula" (Page 45) - In other words, the more you make, the less you get.
Wednesday, November 10, 2010
The New Social Security Program for Professionals - We'll Take Out More, Give Back Less
I knew this was coming. If you wade through the powerpoint from the Federal Debt Commission, here is what they want to do with Social Security:
Posted by Director Mitch at 2:11 PM