Article Title: Here’s How Much America’s Rising Income Inequality Is Costing Social Security
Snippet of Article: "...ironically, it’s America’s highest earners—those who can most readily afford to contribute—whom policymakers have chosen to give a break. In 2019, every dollar they earn above the payroll tax cap of $132,900 will escape Social Security payroll taxes entirely.
As a result, while roughly 94 percent of workers contributed the full 12.4 percent of their annual earnings toward Social Security taxes..."
Source: www.americanprogress.org
