The Options Guide Shows a Better Way to Fund Social Security

Bottom Line

💡 The Options Guide Shows a Better Way to Fund Social Security. Worth reviewing for potential client impact.

Summary

While uncapping the payroll tax and raising individual income tax rates are often the go-to reform options for policymakers, base broadeners like ESI and other fringe benefits are much better alternatives. They can raise significant revenue, while improving the neutrality of the tax code and preventing the need for increases in statutory tax rates.

Classification

Applies To

Affected Groups

Individual return preparers, Payroll/employment tax specialists

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