ironmayb wrote:
I have said on this forum before and will say again; if a real solution was ever proposed and implemented I would expect at a minimum the results to me would be:
1) wages taxed for full amounts of SS and Medicaid up to last dollar of wages
2) means tested completely out of SS benefits.
If you could provide me with a guarantee of a fix I would sign on to that.
Just in case you think we are in disagreement about what it means for the country as a whole to get serious about the problem.
It doesn't even have to be that Draconian. You do the following:
Means test (ALMOST everyone is for this) by extending the earned income offset through age 70.
Increase by the wages subject to SS by 100% over the next 4 years.
Subject dividend income to SS tax.
Increase retirement age by 5 years.
It is baffling to me that they cannot get this done. Everyone loses, so everyone wins.
I really feel that this is the one good thing Trump can do.