Mike Kennedy
Elite Member
- Joined
- Sep 28, 2003
- Professional Status
- Certified Residential Appraiser
- State
- New York
"Currently earnings above $132,900 are not subject to Social Security or Medicare taxation. I would uncap it so that all earned income regardless of the amount would be subject to both taxes, continuing the same rates and also requiring the employer's match"
Absolutely Correct.
Absolutely Correct.