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You realize the median income in the US is about $52k, right? For an entire household. The SS tax cutoff is more than double that for an individual earner. S
by mdorazio 10y ago
You realize the median income in the US is about $52k, right? For an entire household. The SS tax cutoff is more than double that for an individual earner. So yes, they really do disproportionately fund Social Security, even with the cap. They just don't fund it in direct proportion to total earnings.