Hit my Social Security max
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BlueFox
Posts: 15,251
Just looked at my checking balance and saw the direct deposit is $300 more than two weeks ago. Yes! I hit the max SS deduction, and now no more for the rest of the year. Maybe it is time to upgrade the speaker cables. 
Lumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits.
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits.
Comments
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No. New Shunyata Sigma line. My previous Shunyata Zitron Anaconda were $4K. The new line is almost $8K. Still waffling on this purchase. LOL.Lumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits. -
Okay mister. At least now I know your weren't that guy from Google in the news. Haha. Kidding!
Do it!! -
He is just a kid. Still in his 20s. Typical kid. Thinks he knows everything. LOL.Lumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits. -
What does this mean exactly.....not that I'll ever see SS due my ageJust looked at my checking balance and saw the direct deposit is $300 more than two weeks ago. Yes! I hit the max SS deduction, and now no more for the rest of the year. Maybe it is time to upgrade the speaker cables. -
SS is deducted from your wages up to some limit. Once your wages reach that limit then there is no more SS deduction. One suggestion for improving SS for the future is to remove that limit, and have deductions on all income. I have mixed feelings on that, but generally agree with it even though it will cost me.
https://www.shrm.org/resourcesandtools/hr-topics/compensation/pages/fica-social-security-tax-2017.aspxLumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits. -
Gotcha....makes sense now. My view is as long as I get back what I paid into the program....plus a modest return in interest accrued....I'm fine with that. Obviously nobody can predict when they will stop collecting the benefit. But honestly I have no idea what the math is behind paying X into SS during your working years vs. what you get to take out over your retirement.
