• Mycatiskai@lemmy.ca
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    7 days ago

    There is a cap on social security tax so after you earn past the cap you don’t pay anything extra.

    Elon Musk pays the same amount as a person who makes 190k a year.

    Take away the cap and social security would be funded forever and a day.

    I learned a lot about this by watching Sam Seder talk about SS. It is one of his hot topics.