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-   -   Chris Christie Social Security Plan (https://www.apostolicfriendsforum.com/showthread.php?t=47835)

Fionn mac Cumh 04-16-2015 11:11 AM

Chris Christie Social Security Plan
 
http://www.vox.com/2015/4/16/8422945...ocial-security

So raise the retirement age, but let keep the wage phase out. How about you pay Social Security taxes on all of your income with no phase out?

Walks_in_islam 04-16-2015 08:26 PM

Re: Chris Christie Social Security Plan
 
Quote:

Originally Posted by Fionn mac Cumh (Post 1369321)
http://www.vox.com/2015/4/16/8422945...ocial-security

So raise the retirement age, but let keep the wage phase out. How about you pay Social Security taxes on all of your income with no phase out?

"During the current year, the maximum monthly retirement benefit for someone who retires at their full retirement age is $2,663"

That earnings cap is based on that benefits cap. As long as libs raise the benefits cap to reflect what a worker actually put in the system then they can raise the earnings cap all they want to.

BUT WAIT: If the benefits cap is set to truly reflect what a worker actually put into the system then the SS system wouldn't have a balance sheet problem in the first place would it.


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