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maxericksonyesterday at 11:20 PM1 replyview on HN

Pretty cool that the taxes high earners stop paying are not considered income taxes.

(Social security and Medicare)


Replies

didgetmastertoday at 1:38 AM

Social Security tax is the only tax that has a limit. Medicare tax applies to all wages and high earners even pay an extra percentage.

SS tax has a limit because benefits are also limited. It is a forced retirement plan where if you live long enough, you might get back what you paid in.