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Tag: "Finance"

Exposed: The Secret Tax Loophole That’s Boosting Millionaires’ Net Worths!

Starting March 2, 2024, millionaires will cease contributing to Social Security, leaving a funding gap. This may lead to benefit cuts by 2034. Democrats propose raising payroll taxes on the wealthy to address this, while some wealthy individuals advocate for taxing investment income like earned income. These proposals aim to maintain Social Security's financial stability and potentially increase benefits.