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Passive Income & FIRE
Tag: proposal
New Tax Proposal Targets Fringe Benefits and High Earners to Shore Up Social Security Trust Funds
As lawmakers grapple with the looming insolvency of the nation’s primary social insurance programs, attention in Washington is increasingly turning toward innovative ways to shore up trust fund revenues. While traditional policy debates surrounding Social Security have almost exclusively centered on raising the headline payroll tax rate or lifting the payroll tax cap to capture…
A New Tax Proposal Aims to Shore Up Social Security by Expanding the Payroll Tax Base to Employer Fringe Benefits
As the looming insolvency of the Social Security trust funds draws closer, policymakers and economic analysts are increasingly exploring innovative ways to secure long-term revenue. Traditional debates around shoring up the program have largely centered on raising the overall payroll tax rate or lifting the payroll tax cap to subject a greater portion of high-earner…
