Birdwatch Note Rating
2024-02-05 14:15:35 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 18D54C2A6A0F521B56664683CAEACD2EA090A0521E15253413082584C24A728D
Participant Details
Original Note:
This is misleading. While Warren is correct that income is only taxed on the first $160k/year for SSI purposes, the maximum benefits are also capped. Currently this is about $3800k/month, assumes the individual has earned the maximum amounts yearly and retires at 65. https://www.nerdwallet.com/article/investing/social-security/maximum-social-security-benefit#:~:text=The%20maximum%20Social%20Security%20benefit%20at%20full%20retirement,%243%2C822%20per%20month%20in%202024.
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