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Response to HiPointDem (Reply #5)

Sun Nov 18, 2012, 11:48 PM

55. Why not remove the cap from the employer's side of FICA?

If a megabank wants to pay some idiot $10 million a year to run the place into the ground, wouldn't it be a good idea for them to pay FICA tax on the whole ten million? Cap the employee share, so that the CEO doesn't get a raised maximum benefit, but if his employer thinks he's worth that much, maybe they need to put up some payroll taxes to back that up.

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LineLineLineReply Why not remove the cap from the employer's side of FICA?
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