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re: 'You earned it, you keep it act' bill would eliminate taxes on Social Security

Posted on 2/9/24 at 7:45 am to The Maj
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124663 posts
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Posted on 2/9/24 at 7:45 am to The Maj
quote:
-raises the cap on SS tax from 168K to 250K
Again, the OP got this wrong. The SS Tax would apply to all earnings >$250K
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Posted by AUauditor
Georgia
Member since Sep 2004
1105 posts
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Posted on 2/9/24 at 8:00 am to NC_Tigah
quote:
The SS Tax would apply to all earnings >$250K


Nope...not all. Depends on the source of the income - W2 verses pass-through businesses.
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