A Social Security Tax Rate Hike May Cost Americans Up to $3,000 a YearA Social Security Tax Rate Hike May Cost Americans Up to $3,000 a YearA Social Security Tax Rate Hike May Cost Americans Up to $3,000 a Year
USA TODAY Network / ReutersRaising taxes is one of many proposals politicians and economists have suggested to prevent Social Security benefit cuts in six years, but that plan could cost a typical American up to $3,000 in annual wages, a new calculator shows. The trust fund that supplements incoming payroll taxes to pay monthly Social Security benefits is projected to be depleted in the last three months of 2032…