WRONG!!!!! The payroll tax is a regressive tax that hurts low income people most. The federal government has a unified budget. Income comes in and is spent on programs. If social security costs more than the payroll taxes coming in then income taxes will be used. In fact for the last 30 years the social security surplus has been used to pay for income taxes for the rich. If spending exceeds the payroll tax let the rich make up the difference with higher taxes.