Comment on Corporations Like Nike Paid $0 Federal Tax in 2020 While CEO Pay SoaredparentComments−votepaunchy5ySocial Security payments are progressive but have no fixed limit, so those paying 10X or 100X would also receive higher payments.−valuearb5yYou can easily reach the hard cap on future SS payments while earning barely more than the median pay in the US during your career. So every dollar you contribute above that earns you nothing. Someone who contributes 100x gets nothing for that.
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Social Security payments are progressive but have no fixed limit, so those paying 10X or 100X would also receive higher payments.
You can easily reach the hard cap on future SS payments while earning barely more than the median pay in the US during your career. So every dollar you contribute above that earns you nothing. Someone who contributes 100x gets nothing for that.