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|How High Earners' Paychecks May Change If More Wages Are Subject to a Social Security Tax|
May 24, 2005
Excerpt: CNN/Money asked tax information publisher CCH, Inc. to crunch some numbers demonstrating how high-income taxpayers would fare under the Pozen plan, the Wexler plan and a ... plan that would raise the wage cap to $150,000. Take, for example, a two-earner household where each spouse earns $100,000 for a total of $200,000 in wages. Under the Pozen plan, they would pay an additional $290 combined. [A] one-earner household pulling in the same $200,000 ... would pay an additional $1,595.
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