Million-dollar earners have already stopped paying into Social Security for 2026 - because they can.
29 Comments
Remove the cap - social security funded. Easy.
Honest question. When people say this do they also mean uncap the benefits too or no?
Again, if you have enough money in America, you can literally do Anything.
Land of freedom.
Which is pretty fucking awesome, if you ask me. I mean, it beats living in a country where you could have money **and not be able to do anything with it** instead, right?
It's wild what you can do when you can own the law makers, the judges, the police force and the lawyers. Gotta love dark money :D
They expect we, as commoners, to simply die off **The fight is up and down. Not left and right**
I mean, it kinda is left and right when the right fights tooth and nail to prevent the fight from being about up and down. or, rather, they fight to keep the up fighting down while not allowing the down to fight against the up
Describing the same class dynamics with different directions isn't actually adding anything to the discourse, Andrew Yang.
Social Security tax stops being removed at $184,000. Very few people make more than that per person. My wife and I combined make more than that, but not individually. Removing the cap would affect about 8% of workers in this country. So yeah that’d make a good start at fixing...
I dont understand why it even stops at a certain point. It should be a tax throughout anyone's entire working career, although benefits cap after a certain point.
I max my 401k and social security contributions earlier in the year. Not that early, but before December. Trust me when I say go ahead and raise the cap. Raise it well beyond me. Remove it entirely. I understand it is social security insurance but we've treated it as guarant...
Millionaires stopping payments in march while we struggle till december is the ultimate slap in the face
Not all but most make their money by paying people low wages to keep the stockholders happy. They should pay in 100% of their pay into social security but then that would be another six and a quarter percent tax on the corporation and this government works for corporations not...
ITT: a lot of info, but sadly, a lot of loopholes for millionaires/billionaires that can't be easily corrected overnight.
Yeah. I didn’t realize this was a thing until I started making enough money (at the very end of the year) to cap out. I think it’s bullshit and would easily help fund SS. Cap what you get but don’t cap the tax. This country is so corrupt and as been for generations.
Why aren’t y’all angry at government for raiding social security and putting an iou? They owe more than 2.5 trillion.
Because that is a misrepresentation of what is happening. Social security is required by law to be invested in treasury bonds backed by the full faith and credit of the US. The money from treasury bonds goes into the general fund to be used. Bonds are one of the main ways the ...
Cuz it’s less scary to be angry at individuals instead of fighting the government.
yeah i work at a nonprofit and we just had to cut a position because our federal funding got frozen. meanwhile the people making decisions about our budget hit the SS cap in like february. the system is working exactly as designed unfortunately
I hit this cap every year in the fall sometime. You can make a perfectly valid argument that there shouldn't be a cap. If there was no cap, I'd just keep paying for the rest of the year, and it would be fine. But it's not like this is some action I've taken to screw people wh...
They also don’t collect benefits on their earnings above the cap either. If they paid above the cap, they’d also get payouts above the cap when they retire.
I stopped paying into Social Security in 2012 - because I can. But I'm also not eligible for Social Security benefits. The cap must be raised, even if the maximum benefit also increases a bit.
This has nothing to do with the 1% This would target and hit the middle class. If you remove the cap on social security, remove the cap on 401k contribution with it. Edit: Y'all can hate but the 1% don't take their income from a salary. This would impact Lawyers/Doctors/Dev...
184.5k is not the middle class. Inflation is a thing, but it's not that high.
OR, million-dollar earners have already paid their social security debt for 2026. This should be good news, that the rich are paying their legal share and the money is available early!
Social security is a ponzi scheme
What a stupid headline. They hit the annual maximum.
So what? Social security is a Ponzi scheme and has been demolished by people using SSDI for bs reasons like anxiety. They aren’t getting any more out of it. Why should they continue to pay?