The top social security taxable income hasn’t been as low as $90K since around 2005. It’s currently $184500. 93% of income earners earn less than that

https://dqydj.com/income-percentile-calculator/

SS is forced to invest unspent funds in T-bonds... That's sort of a loan to Uncle Sam.

And yeah, income over $185k isn't taxed by SS (silly law - fixing that would mostly fix the fund depletion that's likely to happen right about the time I retire).

> SS is different mostly in that you’re not really loaning money to the government. The money coming in today mostly goes right back out as payments.

That's only a difference in accounting, not in reality.

They could 'fully find' SS tomorrow, by just creating a bunch of T-bills for it.

> There’s also an upper limit on SS taxable income. I forget what it is, but basically the entirety of the top quintile isn’t paying SS on their entire income. I want to say it’s like 90k, but it’s been a while since I looked.

How's that different from CPF? See https://www.cpf.gov.sg/employer/infohub/news/cpf-related-ann...

There is an upper limit on CPF contributions as well, currently set at S$8,000/month for ordinary wages and S$102,000/year total (ordinary wages + sales/performance bonuses, etc...).

In comparison, the US social security income limits this year is US$184,500/year.