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About PaulN872695
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It is understandable that if all those who are opposed to raising the income tax threshold on SS benefits to 2024 inflation levels, are also independently wealthy and therefore don't really need SS benefits. Perhaps those that depend on SS benefits, ...
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Replies
0
Kudos
3251
Views
You are correct @fffred , i was mistaken about the maximum benefit. It's tided to the cap and as the cap goes up, so does the maximum benefit.
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Replies
0
Kudos
3259
Views
I'm surprised to see that nobody here supports indexing the tax threshold on SS with inflation. The original thresholds seemed reasonable at the time. But to me no longer seem reasonable.
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Replies
1
Kudo
3320
Views
The maximum benefit you can receive at age 70 is $4,873, regardless of how much you paid into the FICA fund. Since existing law limits the benefit to $4,873, raising the CAP does not change that.
1
Reply
0
Kudos
3330
Views
Seehttps://youtu.be/GfZuB7XSFys?si=1ul3iHv06FVnzIYvfor an interesting explanation and easy solution.
0
Replies
0
Kudos
3338
Views
It is understandable that if all those who are opposed to raising the income tax threshold on SS benefits to 2024 inflation levels, are also independently wealthy and therefore don't really need SS benefits. Perhaps those that depend on SS benefits, ...
0
Replies
0
Kudos
3251
Views
You are correct @fffred , i was mistaken about the maximum benefit. It's tided to the cap and as the cap goes up, so does the maximum benefit.
0
Replies
0
Kudos
3259
Views
I'm surprised to see that nobody here supports indexing the tax threshold on SS with inflation. The original thresholds seemed reasonable at the time. But to me no longer seem reasonable.
0
Replies
1
Kudo
3320
Views
The maximum benefit you can receive at age 70 is $4,873, regardless of how much you paid into the FICA fund. Since existing law limits the benefit to $4,873, raising the CAP does not change that.
1
Reply
0
Kudos
3330
Views
Seehttps://youtu.be/GfZuB7XSFys?si=1ul3iHv06FVnzIYvfor an interesting explanation and easy solution.
0
Replies
0
Kudos
3338
Views
It is understandable that if all those who are opposed to raising the income tax threshold on SS benefits to 2024 inflation levels, are also independently wealthy and therefore don't really need SS benefits. Perhaps those that depend on SS benefits, ...
0
Replies
0
Kudos
3251
Views
You are correct @fffred , i was mistaken about the maximum benefit. It's tided to the cap and as the cap goes up, so does the maximum benefit.
0
Replies
0
Kudos
3259
Views
I'm surprised to see that nobody here supports indexing the tax threshold on SS with inflation. The original thresholds seemed reasonable at the time. But to me no longer seem reasonable.
0
Replies
1
Kudo
3320
Views
The maximum benefit you can receive at age 70 is $4,873, regardless of how much you paid into the FICA fund. Since existing law limits the benefit to $4,873, raising the CAP does not change that.
1
Reply
0
Kudos
3330
Views
Seehttps://youtu.be/GfZuB7XSFys?si=1ul3iHv06FVnzIYvfor an interesting explanation and easy solution.
0
Replies
0
Kudos
3338
Views
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Public Statistics
| Date Registered | 12-10-2024 11:09 PM |
| Last Visited | 01-08-2025 09:01 AM |
| Total Messages Posted | 8 |
| Total Kudos Received | 2 |