TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Thursday, April 10, 2014

Templin: The Politics of Social Security Tax Reform

Benjamin A. Templin (Thomas Jefferson), Social Security Reform: The Politics of the Payroll Tax, 32 Quinnipiac L. Rev. 1 (2013):

This Article examines the principal reform proposals that would increase tax revenue for the Social Security trust fund--weighing the pros and cons of each. [FN13] The Article also considers the prospects for political agreement on a reform proposal given the past efforts and the looming crisis. Part I of the Article recounts the latest data on insolvency projections and discusses the methods by which the Office of the Chief Actuary measures the effect of proposed reforms. Part II provides an overview of the payroll tax and benefit calculations. The factors used in calculating both tax and benefits are key components used in many reform proposals. The Article groups tax reform proposals in two types: (1) proposals that increase the tax rate, which is the subject of Part III; and (2) proposals that increase the maximum taxable income, which is discussed in Part IV. Part V examines the political realities of reform proposals and suggests ways in which political bargaining can be structured to maximize the chances of success.

Scholarship, Tax | Permalink