Comment on Social Security can be saved. Scrap the cap!
musicalphysics@discuss.online 10 hours agoI have more than the bare amount of knowledge. I correctly conveyed actual tax code for the us. My initial point was not wrong in the slightest and I linked to actual irs tax forms to prove it. You are misinformed and shouldn’t try correcting people on items you clearly don’t understand.
GreyEyedGhost@piefed.ca 10 hours ago
You said if you made $184k you would pay $0 into SS. In fact you would pay over $20k. How is that correct?
musicalphysics@discuss.online 9 hours ago
I already posted the IRS form that demonstrates that fact.
There is a wrinkle that during the year until your received income actually exceeds the max you pay in. After that though the IRS will return the money when you file.
GreyEyedGhost@piefed.ca 7 hours ago
Have you heard of Schedule C? It’s mentioned at the bottom of page 9 in the pdf you linked. But please, do keep doubling down.
musicalphysics@discuss.online 6 hours ago
Unlike you I can actually read and follow the basic math steps in calculating the tax for social security. If income is above the max, per page 9, then the social security tax is 0. Goodbye.