The Social Security taxes are capped at $180,000 in income.
You pay the same amount if you make 180k, 180 million, or 5 billion.
If they removed that cap, it would take care of any financial issues Social Security has forever. Rich people don't want to pay into something they'll never need, but that's part of living in a society.
No I was clarifying what you said since what you said originally was incorrect. You said they pay up to "$180,000 in Social Security taxes due to the cap"
But they don't pay up to $180,000 in taxes so I wanted to make sure that was pointed out. Sorry to ruffle your feathers, hope you have a better day!
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u/Blacksad9999 Aug 25 '26
That's what I just said.
The Social Security taxes are capped at $180,000 in income.
You pay the same amount if you make 180k, 180 million, or 5 billion.
If they removed that cap, it would take care of any financial issues Social Security has forever. Rich people don't want to pay into something they'll never need, but that's part of living in a society.