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re: 'You earned it, you keep it act' bill would eliminate taxes on Social Security
Posted on 2/8/24 at 4:46 pm to TigerintheNO
Posted on 2/8/24 at 4:46 pm to TigerintheNO
quote:
raises the cap on SS tax from 168K to 250K
This is wrong. It doesn’t have a cap. It goes from $1 to $168k then 0 from $168k-250k then it resumes paying from 250k+. That’s how it’s generating so much revenue to stop having people pay taxes on SS AND make it solvent for another 20 years AND cut deficit spending by some trillions.
This post was edited on 2/8/24 at 5:00 pm
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