Plenty of news outlets today reported the newly announced increase in Social Security retirement benefits. Starting in January, the typical benefit check will increase $24, from $1055 per month to $1079. That’s a 2.3% increase.

Somewhat less publicized is the other Social Security announcement of the day: the cap on Social Security taxes will rise next year from $97,500 to $102,000. That’s a 4.6% increase, and it’s one that will affect 12 million taxpayers.

The latter item was included in many stories, but was not prominently featured. Consider this CNN Money article. The benefit increase is in the headline. The tax increase is first mentioned in the fifteenth paragraph.

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