As we covered previously, the 2026 Social Security tax cap is $184,500, up from $176,100 in 2025.
This important change means that more people will be paying taxes on their earnings to fund Social Security. While some say it could help sustain the program as fears of insolvency loom, it could be doing so at the expense of the wrong people.
In many larger cities and areas with high living costs, $184,500 represents an upper-middle-class income. This is especially true since inflation continues to drive up the costs of groceries, housing, and healthcare.
We at the Council for Retirement Security support real changes to the taxable wage base. Rather than raising it slightly, the cap should be removed so that the ultra-wealthy contribute to this program that we all rely on and benefit from.
We also advocate that benefits be protected from the unchecked spending policies of politicians. If you agree with us, sign our petition.
