There is a limit on what you pay into social security. And those that max out, fund the additional benefits you receive, as the average person receives more benefits than they put in.

March 10, 2025 - 10:04 UTC

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There is an ever expanding limit on taxable Social Security income. $176,100 for 2025. I've maxed it for over 25 years. Medicare is different, there is no limit. The tax is 1.45% of the first $200K, with an extra .9% for income over that. Your employer matches this, maybe why Elon wants it gone?
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Make millionaires and billionaires pay in until it’s solvent again.
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You’re saying what you wanna say and not answering the question. You’re assuming I am not informed.
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No true.
We never get all that we paid in
Plus if we took that money and collected interest, we would have more $$
What about the people who die before collecting?
No one gets that money
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Well, there are beneficiaries designated- eg., husband to wife or wife to husband, partner to partner
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1▪︎ If there is a surviving spouse who did not get enough points or made less than their deceased spouse, they become the surviving benefactor receiving the deceased spouse's SS benefit.
If a deceased person has a disabled child under 18, that child would get the SS survivor's benefit until age 18.
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Everything I said was true
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This years limit is $176k employee&ers contrib up to that amount… so billionaires pay only up to 176k this year! Shouldn’t the ‘ceiling’ for them be proportional for them? Slightly raised even??? www.google.com/search?q=what+is+limit+paid+into+social+security&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari
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www.investopedia.com/2021-social-security-tax-limit-5116834
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A lot SLIGHTLY!
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