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For example, if an individual earned $150,000 and the current Social Security wage limit was $120,000, then only $120,000 of the individual's total income would
For example, if an individual earned $150,000 and the current Social Security wage limit was $120,000, then only $120,000 of the individual's total income would be taxed for Social Security and the other $30,000 would not be taxed. Should the individual's entire income be taxed? Should there be a limit
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