Patriot66 wrote:
4) Increase the SS withheld from employees to something above 6.2% - should add millions if not billions to reduce the problem
quote]
The rate is actually 12.4%, employers factor their half into their employee's compensation. The government structured/hid it that way in order to sell it to the public, but it all still ultimately comes from the employee's pay.
Yep, I knew that but the rate needs to move upward. It has been at that rate for years except the last couple where the employees rate was less although the employer' rate. Now they are the same again. But keep in mind that the employer will receive no future benefit, except the payroll tax deduction that they get on their portion paid in.