Americans’ Social Security benefits will have to be cut by roughly a quarter in six years due to depleted funds, according to a June 9 report from the Social Security Board of Trustees. That’s months sooner than the group had estimated in 2025.
seriously. we are supposed to have a progressive tax systems but things like this actually lower taxes and its keyed to happen just past the point anyone working would be effected. So usually tacked to just above what like a doctor makes.
The fact that rich people stop paying into it is so stupid.
It should be progressive. The first $x you make aren’t taxed at all, then the next bucket at a small percent, then a larger percent, and so on.
Instead if you’re income-rich you just get a bump to your take home pay partway through the year.
seriously. we are supposed to have a progressive tax systems but things like this actually lower taxes and its keyed to happen just past the point anyone working would be effected. So usually tacked to just above what like a doctor makes.