Even though tax increases aren’t very popular, there is one that should resonate with all retirees. President Biden’s proposal to tax income above $400,000 per year could help provide the extra funding Social Security needs.

Additionally, this change wouldn’t impact everyone; in fact, the change would only impact the 1.8 percent of American households that make over $400,000, but it would benefit most retirees. For more information about this proposed change, read the original post here.

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