"Gail: Well, some people may regard this as a tax increase, but I want to propose some tax fairness. For some reason, Social Security payroll taxation stops at about $160,000. So a person making a million dollars a year doesn’t pay anything on about $840,000."Raising the payroll tax to fund Social Security will go a very long way to making the fund solvent through the foreseeable future.

"Gail: Well, some people may regard this as a tax increase, but I want to propose some tax fairness. For some reason, Social Security payroll taxation stops at about $160,000. So a person making a million dollars a year doesn’t pay anything on about $840,000."Raising the payroll tax to fund Social Security will go a very long way to making the fund solvent through the foreseeable future.

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