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Remove the wage base limit of $118,500 on Old Age, Survivors and Disability Insurance (OASDI) withholding.

Created by D.M. on January 12, 2015

The government does not collect Social Security/OASDI taxes on earnings above $118,500. Social Security/OASDI is not in solid financial condition. Removing the cap on OASDI withholding would enhance the financial health of the sytem by collection 6.2% tax from wage earners and employers including those earnings over $118,500. The higher income families are best suited to be able to afford the tax and will contribute significantly to the financial health of the Social Security system.

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