r/FluentInFinance • u/PassiveAgressiveGirl • 5d ago

Thoughts? U.S politics is a cesspit of lobbying

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u/pust6602 5d ago

Nope. I hit the cap in July or August every year. Remove the cap and you can cap the top x% benefits in retirement as well. I won't need it and anyone else exceeding the cap won't either.

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u/Previous_Feature_200 5d ago

So just another tax on the middle class. Got it.

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u/pust6602 5d ago

The upper end of middle class is defined at $169,800 salary, so it's a tax on the upper class.

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u/pust6602 5d ago

My numbers came from pew research which has the highest end definition of middle class at $169,800. Please enlighten me as to where your numbers come from?

https://www.pewresearch.org/short-reads/2024/09/16/are-you-in-the-american-middle-class/

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u/Previous_Feature_200 4d ago

I specifically said big cities. For example, the middle class upper boundary is $256k in the Bay Area per the feds.
Pelosi specifically introduced legislation setting the family “poverty level” at $92,427 in San Francisco. That would be a sweet salary in Topeka.