Chart Of The Day

Dylan Matthews balances Social Security's balance sheet by lifting the contribution cap:

Currently, wages over a certain yearly total ($106,800this year) are exempted from Social Security payroll taxes. Medicare'spayroll tax has no such cap. This has raised the question of howraising the cap could extend Social Security's solvency....Congressional Research Service looked at this questionin 2008 by evaluating three different proposals. The first would raisethe cap so that 90 percent of...