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2. Social Security Cuts vs. Proposed Tax Increases - AOL

   www.aol.com/social-security-cuts-vs-proposed...

   Without benefit cuts, the SSA would need to increase taxes by 25%. Increasing the payroll tax to 7.75% (up from its current 6.2%) for workers and employers would eliminate the shortfall, according ...

3. Here are the biggest retirement changes coming in 2023 - AOL

   www.aol.com/finance/biggest-retirement-changes...

   The Internal Revenue Service announced record-high maximum annual contributions to 401 (k) and similar retirement accounts for 2023. Workers who have a 401 (k), 403 (b), most 457 plans, and the ...

4. History of Social Security in the United States - Wikipedia

   en.wikipedia.org/wiki/History_of_Social_Security...

   In 1961, retirement at age 62 was extended to men, and the tax rate was increased to 6.0%. In 1962, the changing role of the female worker was acknowledged when benefits of covered women could be collected by dependent husbands, widowers, and children. These individuals, however, had to be able to prove their dependency.

5. Social Security debate in the United States - Wikipedia

   en.wikipedia.org/wiki/Social_Security_debate_in...

   President Barack Obama opposed privatization (i.e., diverting payroll taxes or equivalent savings to private accounts) or raising the retirement age, but supported raising the annual maximum amount of compensation that is subject to the Social Security payroll tax ($137,700 in 20) to help fund the program.

6. Social Security Taxes Could Be Eliminated via Proposed ‘You ...

   www.aol.com/social-security-taxes-could...

   A new bill making its way though Congress is pushing for an end to federal taxes being taken out of Social Security benefits, starting in 2023. Proposed by Rep. Angie Craig (D.-Minn.), the You ...

7. Omnibus Budget Reconciliation Act of 1993 - Wikipedia

   en.wikipedia.org/wiki/Omnibus_Budget...

   Signed into law by President Bill Clinton on August 10, 1993. The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93) was a federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton on August 10, 1993. It has also been unofficially referred to as the Deficit Reduction Act of 1993.

8. You Could Be Doing More to Limit Taxes in Retirement

   www.aol.com/could-doing-more-limit-taxes...

   The couple collects $29,000 in Social Security benefits and has $750,000 in retirement savings, 60% of which is held in tax-deferred accounts and 30% in Roth accounts. The remaining 10% ($75,000 ...

9. National Commission on Fiscal Responsibility and Reform

   en.wikipedia.org/wiki/National_Commission_on...

   A report was released on December 1, recommending a combination of spending cuts (including an increase in the Social Security retirement age and cuts to military, benefit, and domestic spending) and tax increases (including restricting or eliminating certain tax credits and deductions and increasing the federal gasoline tax).