Eliminate the cap and exempt any income below the median, currently about $40k I think. This would be an extra $2400 over the year for someone making $40k, no change for someone making $200k, and $6200 more tax for someone making $300k. The math may even play out to where we could lower the tax rate itself. If the rate were cut in half, anyone earning under $360k would see a tax cut.
Eliminate the cap and exempt any income below the median, currently about $40k I think. This would be an extra $2400 over the year for someone making $40k, no change for someone making $200k, and $6200 more tax for someone making $300k. The math may even play out to where we could lower the tax rate itself. If the rate were cut in half, anyone earning under $360k would see a tax cut.