Dec 2, 2022
The main reason Social Security is so little is because no one pays FICA on any income above $147,000. In other words, someone making $1 million only pays FICA on 15% of their income. I pay it on 100% of my income.
Written by John Egelkrout
I am a sanity-curious former teacher who writes about politics, social issues, memoirs, and a variety of other topics. You can also follow me on Substack.