If the salary cap for contributions to Social Security [currently $113,700 for 2013] were eliminated, so that employees who make more than $113,700 a year would continue to pay their fair share of Social Security, there would be no projected shortfall of Social Security, ever. AARP supports removal of the cap and projects that 86% of the shortfall woulld be eliminated. A 2010 Washington Post study concluded that removal of the cap would result in Social Security having a surplus. It is time for everyone to pay their fair share, including the fair share on wages over $113,700.
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