Comment Re:Maybe, Just maybe... (Score 1) 77
FICA is not an income tax, nor is it a regular tax used to fund the government. It is instead a tax used for one specific purpose: to fund one's *own* retirement. The more you pay in FICA withholdings, the more you get back per month in your retirement. Once you reach $176,000 in income (not $100,000), your FICA withholding stops. Also, the amount of the amount of Social Security payments you will receive in retirement, stops increasing. So essentially the tax stops when you reach the maximum benefit the government allows.
Well, that was the philosophy anyway. As with all taxation, the original concept and premise has been distorted and changed over time, the tax takers will always find ways to get their snouts into whatever stream of money they can, kind of like how tolls don't stop once a toll road is paid for.