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Kiplinger
Kiplinger
Business
Kelley R. Taylor

Are You Ready to Pay More Taxes to Save Social Security?

Several open doors.

This year, many are receiving Social Security checks with a modest 2.5% cost-of-living adjustment. However, some individuals are experiencing significantly increased benefits due to the Social Security Fairness Act. At the same time, Elon Musk and Trump's Department of Government Efficiency (DOGE) are leading efforts to make substantial cuts to the Social Security Administration.

Despite these challenges, an interesting trend persists: many people seem willing to pay more to ensure Social Security’s long-term stability.

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