81% support taxing income beyond $147k to shore up the projected Social Security trust fund shortfall, Republicans by 79% and Democrats by 88%.
81% also support cutting benefits for those same earners whose Social Security taxes would soar.
Meanwhile, 64% support increasing the minimum monthly benefit from $951 to $1,341.
More.
Equity used to mean everybody had a reasonable expectation of receiving what they put into the system, but that stopped being true for high income earners in the 1990s.
Last year, a person making $200k taxed at the current 6.2% rate for 30 years would have to live 10 years beyond full retirement age of 67 to recoup all his contributions at a 2021 maximum benefit level of $3,113 per month, or to age 77.
Life expectancy in the US fell to 76.6 years in 2021.
