The two politicians I admire most, Bernie Sanders and Peter DeFazio have introduced legislation to extend the Social Security tax to rich people, who only pay the tax on the first $113,700 of income, they skate free of the tax on anything they make above that, thus the richest 1% pay a miniscule contribution to Social Security. They don't contribute anything at all to Social Security or Medicare on Capital Gains income, yet another loophole for the rich. Somehow, investment income is deemed to be privileged and not taxed the same as wages. There has been discussion on remedying this, but the rich have hordes of lobbyists to prevent it.
"Only earned income (wages, self-employment income) is subject to
social security and medicare tax. Passive and investment income
(interest, dividends, capital gains, rents and royalties) are only
subject to federal and state income tax."
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