Reply #11: Once again, I feel we should eliminate the cap altogether on payroll tax...

[cascadiance]

And lower the percentage taken out so that those earning $250k pay the same raw amount that they pay now on their first $102k at the current percentage. No raise and a progressive lowering of the payroll tax liabilities for anyone making less than $250k and those over $250k would pay more as they SHOULD.

That should make social security and medicare more solvent and better able to keep up with inflation and if we get a lot of extra money, perhaps then medicare could be expanded with this funding to be the start of single payer health care for all rather than just the elderly.