The cap on taxable SSI wages went up 7% in 2017 and no one really noticed or complained. It's a relatively progressive way to keep things funded. I don't see why we'd need to do much else.
The social security tax is actually regressive to an extent. If you make between $82500 and $128400 your marginal tax rate is higher than someone making between $128400 and $157500. So there is that.
https://dqydj.com/income-percentile-calculator/
The social security tax is actually regressive to an extent. If you make between $82500 and $128400 your marginal tax rate is higher than someone making between $128400 and $157500. So there is that.