Column: The richest Americans finished paying their Social Security taxes last week. Most of us will pay all year

Contributing sentiments towards policy:

53% : For those with income of $10 million or more (averaging about $30.4 million each), only about 12% on average was subject to the payroll tax -- and then only up to the FICA cap.
53% : The latter aren't subject to the payroll tax.
50% : For Social Security, it comes to 12.4% of gross wage income, shared equally by worker and employer, up to an annually adjusted cap.
50% : For households with income of $1 million or more, only about 25% was subject to the payroll tax.
48% : Workers and employers each pay an additional 1.45%, with no cap, to help fund Medicare.
48% : Two aspects of the payroll tax are boons for the wealthy.
45% : Read more: Column: GOP and Musk unveil a threat to Social Security Here's a brief primer on the payroll tax, which typically appears on pay stubs under the label "FICA" (for "Federal Insurance Contributions Act").
33% : Column: Trump pledges not to cut Social Security.
15% : Conservatives and Republicans in Congress continue to claim that the cost of Social Security, Medicare and Medicaid benefits is an insupportable burden on America, so benefits need to be cut, though President-elect Donald Trump has vowed to preserve entitlements like Social Security and Medicare.

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