Birdwatch Note Rating
2023-01-27 16:28:49 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 8EEB74836816E3149B6EA4E6F39D736189B150426AF4DDD0CFCC0BFF0B081BBF
Participant Details
Original Note:
While Biden misstates the income limit, this is an accurate portrayal of how FICA taxes work. Income under a certain limit is taxed at a constant rate, and income over that limit is not. As of 2023, that income limit is $160,200. https://www.ssa.gov/benefits/retirement/planner/maxtax.html https://www.nerdwallet.com/article/taxes/fica-tax-withholding
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