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Should the U.S. raise payroll taxes to save Social Security?

Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.

  • Raising payroll taxes to 17% would cost median earners $2,600-$3,000 annually
  • Bipartisan support for raising maximum income subject to Social Security tax
  • 65% of Democrats and 62% of Republicans back lifting the income cap

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