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View Diary: Anyone That May Receive Social Security Must Read This (192 comments)

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    Roger Fox, ozsea1

    every so often I make the comment that means testing and raising the cap are economically equivalent -- literally equivalent, as a matter of mathematics, using time value of money formulas -- but people here don't seem to get it. The only difference is in terms of when you test for wealth to lower IRR, at the time the tax is imposed vs. the time the benefit is received. Raising the cap is viewed as the perfect solution, and means testing is viewed here as something unacceptable. It's bizarre and I've never received a satisfactory explanation as to why one is to be preferred over the other.

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