Birdwatch Note Rating
2023-01-27 13:41:31 UTC - HELPFUL
Rated by Participant: B979ED2CB64BC3F4C099864C5EC5100A5D011BD58A9B69265A91286F5476C946
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