FYI: Q. I have read that Social Security owns much of the Federal debt via bonds and securities. Are these securities used in the calculations of the health of the Social Security trust fund? Do they routinely 'cash out' the securities and purchase more?
Also, how much would it help the health of the Social Security Trust Fund if the payroll tax cap were completely removed, effectively raising taxes on the wealthy? ---J.F., by email
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/raising-the-social-security-wage-base-cap-its-complicated
