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Raising the cap on annual earnings subject to the payroll tax ($87,000 in 2003) would simply defer Social Security's cash-flow problem by a few years -- it isn't a permanent solution.
http://www.centrists.org
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One of the most common alternatives would raise or eliminate the Social Security payroll tax cap on wages. While removing the cap would somewhat reduce the program's ...
http://www.ncpa.org
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... the same demographic challenge, underlying health care costs per enrollee are projected to rise faster than the wages per worker on which the payroll tax is paid and on which Social Security benefits ...
http://www.ssa.gov
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This affects Social Security's financing, since the Social Security payroll tax is imposed only up to a maximum taxable level ($87,000 in 2003). Furthermore, life expectancy of people with higher ...
http://www.brookings.edu
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... appear increasingly likely that the president's twin domestic goals of reforming Social Security and the tax ... The plan shifts taxes away from the regressive payroll tax by eliminating the 6.2 percent ...
http://www.washingtonpost.com
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... Alan Greenspan made several recommendations for addressing the issue. [7] Under the 1983 Amendments to Social Security, signed into law by President Ronald Reagan , the Social Security payroll tax rate ...
http://en.wikipedia.org
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But the Social Security payroll tax is already the biggest tax that the average American family pays. Do we really want our legacy to our children and grandchildren to be the largest tax increase in ...
http://www.socialsecurity.org
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Raising the Social Security Payroll Tax Cap Does Not Fix Social Security
http://www.heritage.org
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