04-17-2026, 03:38 PM
How about we make the 15.3% an EMPLOYER only contribution up to the 184,500, and then go to the split contribution but keep the same 15.3% on wages after the 184,500 to say maybe 300,000, then continue on with the same 15.3% but put it entirely on the employee earning the money with there never being a cap on any wages earned.
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Won't work. Employers will agree to pay employees more in either stock or deferred payments.
However, by law, the cap is there because there is also a cap on the amount paid out via that monthly SS check. Raise the amount coming out and you have to raise the amount paid out. In other words, tax me more, pay me more.
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Won't work. Employers will agree to pay employees more in either stock or deferred payments.
However, by law, the cap is there because there is also a cap on the amount paid out via that monthly SS check. Raise the amount coming out and you have to raise the amount paid out. In other words, tax me more, pay me more.