FICA tax
Social Security Payroll Tax Cut Now in the News
Even as the talk of an increase in the Social Security Tax rate (also popularly known as FICA tax) to fund the program expansion advocated by H.R. 860 (The Social Security 2100 Act) unfolds in Congress, conversation has emerged in…
Social Security 2100: The Coming Debate
It’s probably no secret to our site visitors that Social Security’s future is entering the home stretch toward an insecure future–a future in which benefits could face cuts in the neighborhood of 20-25%, depending on which pundit you subscribe to. That…
Thoughts on Removing the Tax Cap to Save Social Security
Although it’s been a fairly constant part of many Social Security reform proposals, the removal of the annual limit on earnings subject to FICA tax as a way to address the program’s solvency issue continues to stall in the face of…