what is the cap on social security
- There is a cap on Social Security as far as how much you are taxed when it comes to paying a Social Security. The cap is something like after every dollar over one hundred thousand dollars, you are not actually going to be taxed. This is a good cap on Social Security taxes if you happen to be one of the highest income earners in our society. Some people have advocated for lifting the cap when it comes to Social Security taxes, but it is hard to say exactly how popular the idea to lift the cap on Social Security taxes would be. Limits There are also limits to the amount of Social Security retirement benefits that you can actually have on a yearly basis.