4 points | by toomuchtodo 7 hours ago
3 comments
I still don’t understand why contributions are capped at $180k/year (if I remember correctly). What’s the reason for that?
Historical decision around benefit limits and therefore a wage tax cap, the cap is likely to be removed to ensure long term program solvency.
https://www.pgpf.org/article/should-we-eliminate-the-social-...
https://archive.today/9gBIe
I still don’t understand why contributions are capped at $180k/year (if I remember correctly). What’s the reason for that?
Historical decision around benefit limits and therefore a wage tax cap, the cap is likely to be removed to ensure long term program solvency.
https://www.pgpf.org/article/should-we-eliminate-the-social-...
https://archive.today/9gBIe