[clockwise]

“...the 7.65% Social Security and Medicare tax ceiling will be lifted from $102,000 to $150,000 or so.”

The Social Security tax is 6.2% on a maximum of $106,800.

The Medicare tax is 1.45% and there is no ceiling.

Just to get the details straight.

[bruinbirdman]

...the 7.65%. . . "Just to get the details straight."

Just to get the details straight, it's twice that much.

yitbos

[taildragger]

My guess is they will remove the ceiling entirely, as part of their sock it to the rich mantra. Maybe as a carrot they will offer them an enhanced ROTH IRA as a trade-off. That has been bantered about before...