Jeff
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FICA (Social Security) is only deducted from the first $160,200 a person makes. Income beyond that is not touched.

If the richest folks in America paid FICA on all their income rather than just the first $160,200, the Social Security solvency problem would be solved.
08:52 PM - Feb 04, 2023
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Tim Graf
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In response to Jeff.
Social Security is actually already solvent, if you include the government's IOU's. The problem is that beginning with Reagan, the R's "borrowed" money from the SS trust fund to fund their BS. That's why they want to reduce benefits or get rid of it altogether, so they don't have to pay it back.
12:57 AM - Feb 05, 2023
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Liz Brown
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In response to Jeff.
I wish more people knew this and understood that it is such an easy fix to keep Social Security solvent
08:57 PM - Feb 04, 2023
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