There should be no tough choices here, it should only be about removing that stupid cap.
Notwithstanding but it’s really damn stupid that my middle class ass stops paying into social security before the end of the year while the working class subsidizes me.
I had no idea there was even a cap, that’s ridiculous. I don’t know a single middle class person IRL that earns enough individually to hit that cap though, so it is probably a bit regional since that cap feels like it would be awfully low in SV or a high COL city.
Keep in mind that Social Security retirement benefits depend on your contributions. So by capping the amount you contribute, Social Security also caps the amount you will receive.
There should be no tough choices here, it should only be about removing that stupid cap.
Notwithstanding but it’s really damn stupid that my middle class ass stops paying into social security before the end of the year while the working class subsidizes me.
I had no idea there was even a cap, that’s ridiculous. I don’t know a single middle class person IRL that earns enough individually to hit that cap though, so it is probably a bit regional since that cap feels like it would be awfully low in SV or a high COL city.
Keep in mind that Social Security retirement benefits depend on your contributions. So by capping the amount you contribute, Social Security also caps the amount you will receive.