The Economic Times

Millions could pay more in Social Security taxes if this change happens - who wins big and who loses the most

Social Security tax changes: Millions of Americans might face higher Social Security taxes if a proposed earnings cap increase is enacted. While this aims to bolster the program's finances, high-income earners and the self-employed would bear the brunt. This change could ensure future benefits are paid in full, averting projected shortfalls by 2034.