On the recordSeptember 11, 2024
the maximum amount of earnings right now subject to the tax? $168,800, I do believe.
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congress.govthe maximum amount of earnings right now subject to the tax? $168,800, I do believe.
Johnson provides the current cap on earnings subject to Social Security tax.
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The amount that they’re looking to reduce spending is about 1.3%. It’s a rounding error. It’s completely inadequate.