toothI just did a quick google search to make sure the payroll tax cap was what I thought it was. I thought I knew it but then I said to myself, there's no way people could be that stupid! Sure enough, for every dollar of income over $106,800 you don't pay any social security tax. Who the hell thought that would be a good idea???
Does social security funding draw it's money solely from social security tax, or do those who pay a higher percentage and get exempt from the ss tax also contribute becuz the gov just funds it with available money anyway?