Quote:
Originally Posted by Blueblaze
But with SS, we normals get hit for 15% of our income for a ponzi scheme that, by law, excuses anyone making over $110K from paying into.
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The people making over the cutoff still pay up to the limit, then the tax stops. The max anyone can earn also stops. This is considered fair, not taxing someone more due to not giving them more of what the tax is taken to pay for.
The limits are also far higher than $110,000, it changes most very year.
2024: $168,600
2025: $176,100