Actually, raising the cap has been discussed. The cap is automatically increased each year based upon the Consumer Price Index. That cap was $65,4000 in 1997 and has increased to $106,800 this year and last. I would like to see very high income individuals taxed to support the program. Rush Limbaugh has an 8 year contract that pays him 50 million dollars a year. This is his second 8 year contract that will pay that amount. Also he received a $100 million dollar signing bonus for each. Why should someone who argues so vehemently against Social Security not be required to pay at least a 2% tax on his millions of "unearned" income? he would not miss a million dollars a year. As it is, he makes enough to pay off his Social Security tax no later than January 2.
Read the Article at HuffingtonPost
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