This 53 year old has it right....

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9. They need to raise the ceiling on FICA.

I was thinking about this earlier today. With the ceiling; there is an incentive to pay more to employees over the ceiling amount.

The employer doesn't have to pay 'their share' (correct me if I'm wrong) if it's over the ceiling amount. What they should do is make the employers part increase.

For example (all numbers are just made up): if the ceiling is $100,000 and the employers part is 7.5%; then at $200,000 the employers part becomes 8.5%; at $300,000 the employers part becomes 9.5% etc. Meanwhile, the employee part stays at 7.5% (or whatever it is) all the way to infinity.

This way we aren't punishing the 'poor hard working successful ones'. We are creating a system where employers have a disincentive to overpay the people at the top.

Of course all capital gains should be taxed on FICA at the self-employed rate.