Birdwatch Note Rating
2023-01-28 08:29:05 UTC - SOMEWHAT_HELPFUL
Rated by Participant: A79C4D7E64047CF95ECCB288FF3104058FE6FB9CB313701104EAC4C0D5E8EBE8
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
All Note Details