A couple who were both W-2 employees and have a household
> income of $147,501 would pay an additional $5,642 in Social
> Security taxes if the $102,000 cap on earnings was
> eliminated.
>
> This is wrong on so many levels, it is hard to know where to
> start.
One question I have, is that if they make all wage income subject to social security, would they then lower the tax rate from 6.2% (or 6.2% times two)?
Second, Will assumes that the "household income" comes all
> from wages.
For most households, that is true.