Summary: The Congressional Budget Office thinks so. Currently, earned income in excess of $113,700 is entirely exempt from the 6.2 percent payroll tax that funds Social Security. Removing it, says the CBO, would stabilize the Social Security system. Others believe means testing makes more sense. A discussion with Andrew Biggs, former deputy commissioner of SSA and a senior fellow at the American Enterprise Institute; Michael Reisch, professor of social justice at the University of Maryland School of Social Work; Barry Rascovar, political commentator and communications consultant.
