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sanitation@lemmy.today to Work Reform@lemmy.world · 9 days ago

Social Security can be saved. Scrap the cap!

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Social Security can be saved. Scrap the cap!

lemmy.today

sanitation@lemmy.today to Work Reform@lemmy.world · 9 days ago
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  • GreyEyedGhost@piefed.ca
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    8 days ago

    You said if you made over $184k you would pay $0 into SS. In fact you would pay over $20k. How is that correct?

    • musicalphysics@discuss.online
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      8 days ago

      I already posted the IRS form that demonstrates that fact.

      There is a wrinkle that during the year until your received income actually exceeds the max you pay in. After that though the IRS will return the money when you file.

      • GreyEyedGhost@piefed.ca
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        8 days ago

        Have you heard of Schedule C? It’s mentioned at the bottom of page 9 in the pdf you linked. But please, do keep doubling down.

        • musicalphysics@discuss.online
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          8 days ago

          Unlike you I can actually read and follow the basic math steps in calculating the tax for social security. If income is above the max, per page 9, then the social security tax is 0. Goodbye.

      • Rivalarrival@lemmy.today
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        8 days ago

        You misread the IRS form that you think demonstrates that. It is not doing anything of the sort.

        • musicalphysics@discuss.online
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          3 days ago

          Then prove it liar.

          • Rivalarrival@lemmy.today
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            2 days ago

            https://www.usatoday.com/story/money/personalfinance/retirement/2025/06/27/do-billionaires-collect-social-security/84382812007/

            https://www.gobankingrates.com/retirement/social-security/can-millionaires-billionaires-collect-social-security/

            https://www.fool.com/retirement/2026/02/11/do-billionaires-still-collect-social-security-the/

            https://daytonsocialsecurityplanning.com/2025/08/10/how-social-security-benefits-work-if-you-are-self-employed/

          • Rivalarrival@lemmy.today
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            3 days ago

            https://en.wikipedia.org/wiki/Social_Security_Wage_Base

            Your claim arises not from a calculation on how much social security tax can be claimed. It comes from misreading a worksheet calculating deductions from self employment tax. You’re seeing a “zero” entry on one line of that worksheet and claiming it means you don’t pay social security taxes. You don’t seem to realize that the deduction calculates how much social security tax you pay, and increases the deduction based on that amount.

            When you reach $184,500 of income, you do not pay any additional social security tax. You don’t pay any social security tax on the additional income above $184,500. You do pay social security tax on the income up to and including $184,500.

            If you follow the worksheet, it will only allow you to deduct the amount of social security tax you actually pay, which means you are not allowed to deduct any additional social security tax on income over $184,500.

            • musicalphysics@discuss.online
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              2 days ago

              It isn’t an additional tax document. If y’all are unable to understand reality I am not wasting more time on you. Believe all the lies you want.

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

  • All workers must be paid a living wage for their labor.
  • Income inequality is the main cause of lower living standards.
  • Workers must join together and fight back for what is rightfully theirs.
  • We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

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  • Better worker representation, including but not limited to unions.
  • Better and fewer working hours.
  • Stimulating a massive wave of worker organizing in the United States and beyond.
  • Organizing and supporting political causes and campaigns that put workers first.
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