The U.S. Congress has a new proposal to save social security that would impact high earners. In this video, Andrew shares an article from CNBC and explains how the new social security tax plan will affect you.
1:33 Social Security reform
3:23 Joe Biden 2020 presidential campaign
4:12 Social Security benefits
5:00 Payroll tax rates
6:22 Social Security tax limit
9:48 New tax increase 2021
10:16 Dave Ramsey
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.