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McMurray misses mark in Social Security critique

Posted 1 March 2020 at 7:44 pm

Editor:

Nate McMurray failed to mention in his letter to the editor that Social Security benefits are capped. By eliminating the contribution level maximum and keeping the cap on benefits turns this retirement program into another disguised tax.

The maximum contribution level is raised every year. Social Security benefits are also taxed at 85% once a single filer earns above $34,000. What Trump proposed would be cutting back benefit levels for higher income individuals. I am not certain that would impact many residents of NY 27.

Ed Urbanik

Lyndonville