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Or maybe even do something incredibly radical and remove the upper limit for social security contributions, how much would that bring in? Social security is a tax on income (the notion that it's some kind of insurance fund is nonsense) and should be collected in exactly the same way as income tax, on unearned as well as earned income. Make the rate 25% in total deductions (tax + s.s) for the employee, 5% for the employer, with no upper limit. Another bonus is that the number of staff required to collect the money would also drop considerably. At the moment I pay more deductions in % terms than someone who earns £1million a year, surely that isn't fair?