23 Mar 2025 12:10 pm
Fuelman » 11 minutes ago » wrote: ↑ Yes, If you earned the the taxable limit for SS every year for 35 years you would receive the $5,108 if you wait until 70 to claim. (Probably a very small percentage of people)
The formula is the same for everyone. Raise the cap on those high earners, or eliminate it, they will get some pretty hefty monthly checks.
lifting the cap of how much money can be taxed for social security is one thing, right now anything over 187,000 a year is not taxed for social security.
limiting how much money someone makes before they are not eligible for social security is another thing. right now even someone who makes a billion dollars a year can get social security. this is ridiculous. they do not need the money.