Schmitt, John; Woo, Nicole; Jones, Janelle - Center for Economic and Policy Research (CEPR) - 2014
There is currently $2.7 trillion in the Social Security Trust Fund, held in Treasury bonds. Since the program is … maximum amount of earnings that are subject to the Social Security payroll tax. In 2014, that cap is set at $117,000 per year … available American Community Survey to ascertain how many workers would be affected if the Social Security payroll tax cap were …