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Billionaire Musk only pays social security tax on $184.500
Raise the cap to at least 200,00!!
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In 2026, the maximum amount of earnings on which you must pay Social Security tax is $184,500. We raise this amount yearly to keep pace with increases in average wages. There is no maximum earnings amount for Medicare tax. You must pay Medicare tax on all your earnings.
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In 2026, the maximum amount of earnings on which you must pay Social Security tax is $184,500. We raise this amount yearly to keep pace with increases in average wages. There is no maximum earnings amount for Medicare tax. You must pay Medicare tax on all your earnings.