Liberal Forum

jerrab » Today, 4:03 pm » wrote: ↑

Today, 4:03 pm

all these admitted millionaires only paid 10,453  a year in social security tax.

AI Overview

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In 2024, the Social Security tax limit for someone who makes $180,000 a year would be $10,453. This is because the Social Security tax is only applied to the first $168,600 of earnings.

 

How much do millionaires get in Social Security?
This is how much millionaire workers get from Social Security. An income of $1 million a year amounts to a monthly payment of about $83,333.33. Retirement benefits are generally designed to replace about 40% of pre-retirement income.Apr 17, 2024

all these admitted millionaires only paid 10,453  a year in social security tax.

AI Overview

Learn more…Opens in new tab
In 2024, the Social Security tax limit for someone who makes $180,000 a year would be $10,453. This is because the Social Security tax is only applied to the first $168,600 of earnings. 

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this is outrageous/ millionaires who only paid 10,453 a year get 83,000 a month for life.