A solution for Social Security’s future

Dear Editor:

Please allow me to add to the debate about Social Security’s future presented in the lead op-ed of your July 30 edition. Nowhere in the doom and gloom scenario of the increasing national debt do I find any mention of the fact that Congress can fix the Social Security problem by increasing the “wage limit” on which Social Security funds are withheld from your paycheck. This limit is currently $118,500. In other words, 6.2 percent of your gross pay up to this amount is withheld and transferred to the Social Security Trust Fund, together with an equal contribution from your employer. If the wage limit is increased, more dollars will go into the fund and will be there when they are needed to pay benefits to the elderly.

 Flo Wilder


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