If you make over $97,000 a year in income, you do not pay social security taxes. Yet, when you retire you get to collect social security like everyone else.
Is that fair?
Is that fair?
no
Don't you really mean that after $97,000, you don't pay any additional Social Security tax (the SS tax # cap has been met).Mason4Assassin444 wrote:
If you make over $97,000 a year in income, you do not pay social security taxes. Yet, when you retire you get to collect social security like everyone else.
Schwarzelungen wrote:
no
You are correct. You do pay until you hit that point, and then you don't have to pay any more until the following year.topal63 wrote:
Don't you really mean that after $97,000, you don't pay any additional Social Security tax (the SS tax # cap has been met).Mason4Assassin444 wrote:
If you make over $97,000 a year in income, you do not pay social security taxes. Yet, when you retire you get to collect social security like everyone else.
I am confused. can someone break it down into aussie for me?
IncorrectMason4Assassin444 wrote:
If you make over $97,000 a year in income, you do not pay social security taxes.