CATO Institute

Lift the Payroll Tax Cap: What Do You Think?

I’m going to write about math & money, again. (I’m already wincing.) I’ve been reading several articles on the pros/cons of adjusting the payroll tax cap (also known as FICA). As of right now, the employer must withhold 6.2% of an employee’s wages and pay a matching amount in social security taxes until the employee […]

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