Yeah, 12.4% feels brutal, but the rich pay the same max benefit
MURRAY: Is it true that people making under $184k pay a 12.4% Social Security tax rate? DAHL: Yes. MURRAY: And the rate for someone making $1 million? DAHL: 2.2%. MURRAY: So, a 12.4% tax for people making less than $184k, but 2.2% for a millionaire or .0002% for billionaires. pic.twitter.com/vgQWi886Ut — Senate Budget Democrats (@SenateBudget) …
