2024-09-12 12:45:37
The federal government sets a limit on how much of your income is subject to the SS tax. For 2024, the SS tax limit is $168,600 ($160,200 in 2023). [Link][Link] NEEDS_MORE_RATINGS(3-1-8) Author
2024-09-12 14:44:14
NNN - The tweet is accurate, the only proposed note supports the post by citing info about the Tax Cap. That information would be better shared in the comments. NEEDS_MORE_RATINGS(4-0-2) Author
2024-09-12 14:45:13
NNN: The proposed note only confirms part of the claim and is unnecessary. NEEDS_MORE_RATINGS(4-0-3) Author
2024-09-12 16:03:51
This is being misrepresented. No one pays more than 6.2% of their annual income into SS, to a maximum of $168k for 2024 … and cannot claim more than they pay into it. Earning $170k/yr, you’ll pay $10,540. Earning $3M/yr pays the exact same as a billionaire, $168k [Link][Link] NEEDS_MORE_RATINGS(2-0-7) Author