Isn't the Trust Fund question just a matter of flip-flopping income streams?
My understanding is that TF bonds are cashed with income tax.
When the TF runs out, FICA can be raised while income tax is
cut -- not exactly the same payers for both taxes; but for
most payers no giant burden.
Raising, or eliminating, the FICA cap comes to mind.
Rebuilding labor union density even comes to mind -- flooding
FICA income.
Something like a five year, projected outgo, fund could insure
Congress never takes too long getting around to resetting FICA
tax level.
Friday, July 21, 2023
SS Trust Fund worries? -- just a matter of flip-flopping income streams
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