Lifting the $184,500 Payroll Tax Cap Is the Social Security Fix Gaining Traction. Here's Who Pays for It
Mike Barrington's 247wallst.com article examines lifting the $184,500 payroll tax cap, a Social Security fix gaining traction because it targets high earners, though he argues it could backfire if employers cut staff and doubts it is the best solution alone. He forecasts the trust fund runs dry in 2032 and suggests Congress act quickly with a series of fixes, such as raising the retirement age and tax rate gradually.
