It has become a favorite myth that Social Security is going broke and that the only way to fix it is to cut benefits.
The truth is that the people who run Social Security say that it is fully funded for more than 20 years. We could extend this full funding to 75 years by making Social Security taxes payable on all income.
This change would affect just over 5 percent of wage earners and provide Social Security funding for the rest of this century.
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