Mon 19 May 2008
I’m Done Paying Social Security Taxes For The Year!
Posted by RichSlick under Money Management
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I got my paycheck stub this weekend and I was bewildered why my take home pay increased. I knew I hadn’t received a raise so after comparing check stubs from my last paycheck I realized that I have reached the cap on social security taxes for the year!
Evidently during the last bonus I received a large chunk of the money went towards social security taxes so I’m done for the year but if the cap on SS is ever removed, I’ll be paying and paying and paying till the cows come home. Oh well, hopefully I’ll have enough money to be able to cash out from the madness….







