Millionaires End Social Security Contributions
This is a U.S. news story, published by Congressman John Larson, that relates primarily to Social Security news.
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effective Social Security tax rateCongressman John Larson
•60 Days into 2024 and Millionaires are Already Done Paying into Social Security
80% Informative
U.S. millionaires will stop paying into Social Security on March 2, 2024 .
Social Security's payroll tax doesn't apply to earned income above a certain level.
For 2024 , the cut-off is $ 168,600 , and capital gains are not subject to the levy.
A new survey shows 71% of likely voters want Congress to increase taxes on wealthy Americans .
VR Score
81
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81
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32
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English
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