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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (1390489)2/8/2023 5:43:03 PM
From: Wharf Rat  Read Replies (1) of 1577999
 
"That's why there's a cap on deductions, because there has to be a cap on benefits as well"

We already have a defacto limit, by taxing benefits of higher earning individuals, and returning that money to the SSTF. We'll prolly have have to boost the tax to 99% for those still making ovef $1M..

Must I pay taxes on Social Security benefits? · FAQ | SSA

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"P.S. - I hear LeBron makes much more than $160K/year .."
I think every player on the Warriors bench makes more than that.

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"Let's not forget that time and time again, we are reminded that Social Security was never meant to be the primary source of income for retirees"

And yet, for many, it is.
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