Why YSK: If you are a US Resident, don’t lose your Social Security card more than 10 times, or else you might need to respawn 💀
Excerpt from Wikipedia:
In accordance with §7213 of the 9/11 Commission Implementation Act of 2004 and 20 CFR 422.103, the number of replacement Social Security cards per person is generally limited to three per calendar year and ten in a lifetime.
One irritating note on this: there’s a limit to how much social security tax you pay per year. So if you’re making a lot of income, you just stop paying this tax partway through the year.
This is pants on head stupid and regressive. It should be the other way around. Your first, let’s say $10,000 should be exempt from the tax, and it should get steeper as income goes up.
Rich guy absolutely does not need the bump in take home pay from hitting the cap. Poor guy definitely could use the extra income early income not being taxed.
I’m just so mad all the time about people licking the boots of the rich. They don’t need breaks! They’re rich! They’re going to be fine!