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1. Taxes can be increased further for the rich.
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2. The age of full retirement can be increased.
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3. Payroll tax could be increased.
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4. Benefits may be reduced for high earners.
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The most effective of the strategies is to tax income above $400,000 per year, but that plan would only close the shortfall of about 61%. It is likely that the coming years will see many changes in this type of program.
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