Eliminate the ceiling/limit on FICA with-holdings and require that such contributions be made on all annual income.
Why is this important?
It would eliminate the limit for FICA with-holdings and require that such with-holdings be paid on all income. Presently, any income over~ $106,000 per year is exempt from FICA. This change would require high income earners to pay the same percentage as everyone else and would help solve any real or perceived issues of solvency of the SS Trust fund.
