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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPoll: Raise taxes to save Social Security
http://www.northjersey.com/news/Poll__Raise_taxes_to_save_Social_Security_.htmlMost Americans say go ahead and raise taxes if it will save Social Security benefits for future generations. And raise the retirement age, if you have to.
'Right now, it seems like we're taxed so much, but if that would be the only way to go, I guess I'd have to be for it to preserve it,' said Marge Youngs, a 77-year-old widow, in her Toledo, Ohio, home. 'It's extremely important to me. It's most of my income.'
Both options are preferable to cutting monthly benefits, even for people who are years away from applying for them.
Those are the findings of a new Associated Press-GfK poll on public attitudes toward the nation's largest federal program.
Social Security is facing serious long-term financial problems. When given a choice on how to fix them, 53 percent of adults said they would rather raise taxes than cut benefits for future generations, according to the poll. Just 36 percent said they would cut benefits instead.
The results were similar when people were asked whether they would rather raise the retirement age or cut monthly payments for future generations 53 percent said they would raise the retirement age, while 35 percent said they would cut monthly payments.
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Poll: Raise taxes to save Social Security (Original Post)
no_hypocrisy
Aug 2012
OP
exboyfil
(17,865 posts)1. Educate on how the benefits formula is calculuated
and eliminate the cap. The case for eliminating the cap is found in the 15% bracket for calculating benefits. No reason why those making $50-$110K should be the ones carrying S.S. on their backs. Those over $105K should contribute on that income at a smaller percentage rate.
Lasher
(27,629 posts)2. Raising the retirement age is the same thing as reducing monthly benefits.
If your retirement age is raised from 65 to 66, then if you retire at age 65, your monthly benefit is reduced by 6 2/3 percent.
jwirr
(39,215 posts)3. That should read raise the cap. Same idea but goes directly to Social Security.
girl gone mad
(20,634 posts)4. None of the above.
The government should address any shortfall precisely the way it dealt with the multi-trillion dollar bank bailouts. Expand the government's balance sheet as necessary. If inflation is a concern, then raise taxes.
MichiganVote
(21,086 posts)5. TAX the fucking rich already..Duh