Birdwatch Note Rating
2024-02-05 01:33:44 UTC - HELPFUL
Rated by Participant: D51D22038DCB5B3B70DDDBCDB14D7B627F312DEF81C6F1B13EB37389DC6D13E1
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.
All Note Details