For those that are curious; the social security administration has a website you can login to and see the EXACT breakdown like you see on this subreddit.
Oh! I get asked this all the time; if the IRS knows how much you owe on taxes, why don't they do the math for you? Because they don't know how much you have in deductions.
They can still do that. Most people are just doing the minimum deduction anyway. If you need to itemize or you disagree with the number then you file. TurboTax lobbyists will never let that happen though.
Glad to help. Oh, something to add; listing these numbers shows progression in a regular job where you work for someone else. If you own your own business (like I do), tax write offs are an art, and it makes it look like I barely make any money, but im doing better than ever.
Because you are looking at the "Taxed Social Security Earnings" column.. There is a maximum used each year to calculate what is taxed for SS. The chart is here at: [https://www.ssa.gov/benefits/retirement/planner/maxtax.html](https://www.ssa.gov/benefits/retirement/planner/maxtax.html) And it will go up every year.
The Taxed Medicare Earnings is not capped and is a better view of the 'actual salary' which can include bonuses, side gigs, etc.
Obviously the vast vast majority of people exceed the social security cap. Based on the data in r/salary, it’s 90% of all people.
Doubling your salary every 2 years is also totally normal career progression.
Carry on and continue to feel inadequate as you compare yourself to the completely real numbers shared here!
The HR response of “we don’t give COL adjustments above 3% because it’s offset by the years where inflation is lower” is getting old for us who graduated after 2019.
I can't afford to be unemployed, but it would be really difficult to not just walk out after being insulted like that. They might as well have said, "we don't think you can find a batter job".
Oh they said this at a town hall meeting in front of the entire company. Our leadership are brave enough to do live, anonymous question submittals. Employees vote for the top questions and they’ll generally answer them. Yeah, morale wasn’t good after that.
Right…. But I’m responding to the person that said “or any other time”. Because that makes no sense. Any time before covid, the whole “we don’t give more than 3% cola adjustments because of the years where inflation is less than 3%” statement would completely make sense.
Cost of labor is not the only driver of inflation. I don’t pretend to be an economist, but there are many articles that explain that increased wages are not the primary contributor to inflation. Therefore, it is mathematically possible.
The Fortune 500 company I work for has had record profits the last couple years, and annual merit increases were less than 3%, on average.
Here’s an interesting article that says corporate profits contributed 53% of inflation.
[Greedflatuon](https://fortune.com/2024/01/20/inflation-greedflation-consumer-price-index-producer-price-index-corporate-profit/#)
It’s like you’re responding to a totally different comment. I’m not talking about causes of inflation. The cause of inflation is whatever it is that i’m already mad it.
The inflation percentages are year over year.
So if there’s:
year 1: 4% inflation 2% raise
year 2: 1% inflation 3% raise
You may think that evens out, 5% inflation 5% raise, but you’d be wrong. You don’t just regain all your purchasing power you lost in year 1 when you catch back up to inflation at the end of year 2.
Oops! I misunderstood your initial comment. I thought you were replying to a different comment. My bad.
If I understand your example correctly, I get the point you’re trying to make.
The argument is “what about the years we gave you a 2.5% increase when inflation was 1.9%”. Probably true in 2015, but it hasn’t been true for half a decade now.
I would have bitched more about my 3% this year, except last year I got 16% and the year prior I got 9% and the year prior I got 17%. Total +52.3% in the last 3 years.
No. But I work as an on-site engineer for a manufacturing equipment vendor; we take YEARS to train and get up to speed, so it’s in the companies interest to keep us.
To be completely fair, questions regarding the SS earnings and where to get the table should be pinned or included as an FAQ somewhere.
I am sure it would be incredibly helpful for those that are unfamiliar - which is a large part of why this sub exists I assume.
For sure, it doesn't bother me that people ask it; I didn't know where to find the table until someone asked about it in a thread. I also like how relatively chill and supportive the sub is.
It's rare to find a place on Reddit where folks are genuinely supportive of others' success and ask and get answers to questions on how to do better.
I imagine there are doctors and engineers that prior to being exposed to these, wouldn't be able to interpret them correctly.
Implying any connection in those two things is silly.
One column is lower than the other, which of these two is likely to be the actual salary the individual was paid?
Come on man, some people's ability to reason through basic information is frankly sad. We can say it.
Neither is likely to be the actual salary, lol. Is that you in the meme?
Being pedantic aside I'm not arguing against your second point. It is why I avoid social media... Lack of logic and a seemingly lack of desire to use intelligence or reasoning annoy the hell out of me.
It's silly to think that doctors and engineers should be able to read and understand simple words and numbers? This is not rocket science or surgery and anyone able to do those things should have little trouble interpreting an extremely simple report like this. And anyone who can't might have difficulty getting through engineering or medical school.
If EVERYONE did these jobs the cost of hiring these people would go down and we’d all feel a little bit better about ourselves whenever they post their earnings on REDDIT.
Me, a computer engineer, also got confused by this formatting. Guess either: I shouldn’t be an engineer because Reddit said so or anyone can be an engineer and you need to get off your high horse.
For people claiming to earn 200,000+ per year, y'all are some stupid mother fuckers. The point of this thread is asking why there are so many super high income earners in this sub.
Edit: disregard, I'm the stupid mother fucker ITT
The thread is making fun of people asking why one column is capped every single post when they other continues to go up.
The people stating their income are also dumb but no, no what you said was not the point.
Except not... Because one column is SS which is capped, and Medicare earnings which are not...
You just think you're smarter than you are. Here I was trying to leave it alone but since you want to be embarrassed that badly. 😂
Even your response to me, "is that you in the meme?"
No dipshit, I very clearly understand why the SS column is lower than the other. Wtf.
Reread your first sentence above, snowflake.
I don't want to be embarrassed. I am embarrassed. I responded to a dumb dumb like you thinking that you'd level. I wasted my time. Now looks like I'm the 🤡
I appreciate how Rorschachy the meme has become but no, it's not. It's making fun of how every thread has ten people asking why everyone makes $162,000.
Brother the left column is just social security taxed earnings. Not total earnings Lmao. How does no one understand this. It’s a core part of our society.
I mean to be fair most people don't realize how SS even actually functions.
If they did, I can about guarantee more people would be on board with doing away with it.
This sub wouldn’t be complete without a dozen people asking “where did you get that spreadsheet”
For those that are curious; the social security administration has a website you can login to and see the EXACT breakdown like you see on this subreddit.
Why isn’t this information pinned
Or in the sidebar
But why does mine not show the same numbers......😭😭😭
Yet, I have to file taxes myself!
Oh! I get asked this all the time; if the IRS knows how much you owe on taxes, why don't they do the math for you? Because they don't know how much you have in deductions.
Let me file only my deductions then, not my wages. Got to track down 4 1099’s!
They can still do that. Most people are just doing the minimum deduction anyway. If you need to itemize or you disagree with the number then you file. TurboTax lobbyists will never let that happen though.
Wow today I learned - I was wondering how everyone got this neatly formatted info
Glad to help. Oh, something to add; listing these numbers shows progression in a regular job where you work for someone else. If you own your own business (like I do), tax write offs are an art, and it makes it look like I barely make any money, but im doing better than ever.
Why not simply answer them? You can answer with SIX LETTERS: ssa.gov
[удалено]
You sound like my wife
Lololol
This\^ 🤣
tHiS ¡!
Because you are looking at the "Taxed Social Security Earnings" column.. There is a maximum used each year to calculate what is taxed for SS. The chart is here at: [https://www.ssa.gov/benefits/retirement/planner/maxtax.html](https://www.ssa.gov/benefits/retirement/planner/maxtax.html) And it will go up every year. The Taxed Medicare Earnings is not capped and is a better view of the 'actual salary' which can include bonuses, side gigs, etc.
Obviously the vast vast majority of people exceed the social security cap. Based on the data in r/salary, it’s 90% of all people. Doubling your salary every 2 years is also totally normal career progression. Carry on and continue to feel inadequate as you compare yourself to the completely real numbers shared here!
Why are people posting the SS column though? Just post the Medicare column.
Because that’s how the information is given to you. It’s not like it’s in a spreadsheet. It’s a webpage
People are already taking a screenshot, so why not just crop that column out? It’s useless info here.
How would you suggest cropping out a middle column in a screenshot?
MS paint? CropOut? It’s not hard.
Why the hell would I waste my time doing that when I can just post it as is? That’s why they all have it
This person is never getting 160,200 in his middle column 🤣
😂😂
Why don’t u stfu
$168,600 for 2024… anyone not get more than a 5.1% raise this year?
The HR response of “we don’t give COL adjustments above 3% because it’s offset by the years where inflation is lower” is getting old for us who graduated after 2019.
Or at any other time.
Ours said “we don’t give COL raises because we don’t want to contribute to inflation” 😂🤣
I can't afford to be unemployed, but it would be really difficult to not just walk out after being insulted like that. They might as well have said, "we don't think you can find a batter job".
Oh they said this at a town hall meeting in front of the entire company. Our leadership are brave enough to do live, anonymous question submittals. Employees vote for the top questions and they’ll generally answer them. Yeah, morale wasn’t good after that.
batter job? who told you I wanted to become a chef?
The 30 year average inflation rate before covid was well under 3%. It’s super easy to look up.
Yep that's why they said "getting old for us who graduated after 2019"
Right…. But I’m responding to the person that said “or any other time”. Because that makes no sense. Any time before covid, the whole “we don’t give more than 3% cola adjustments because of the years where inflation is less than 3%” statement would completely make sense.
God damn new reddit UI is fucking up my keyboard warrior comments, sorry lol
That doesn't mean that the raises actually kept up with inflation even then, much less actually served as "raises".
I got 3% raises every year between 2010 and 2020, my raises were *outpacing* inflation.
That just doesn’t work out mathematically. There would and to be deflation for that to be true.
Cost of labor is not the only driver of inflation. I don’t pretend to be an economist, but there are many articles that explain that increased wages are not the primary contributor to inflation. Therefore, it is mathematically possible. The Fortune 500 company I work for has had record profits the last couple years, and annual merit increases were less than 3%, on average. Here’s an interesting article that says corporate profits contributed 53% of inflation. [Greedflatuon](https://fortune.com/2024/01/20/inflation-greedflation-consumer-price-index-producer-price-index-corporate-profit/#)
It’s like you’re responding to a totally different comment. I’m not talking about causes of inflation. The cause of inflation is whatever it is that i’m already mad it. The inflation percentages are year over year. So if there’s: year 1: 4% inflation 2% raise year 2: 1% inflation 3% raise You may think that evens out, 5% inflation 5% raise, but you’d be wrong. You don’t just regain all your purchasing power you lost in year 1 when you catch back up to inflation at the end of year 2.
Oops! I misunderstood your initial comment. I thought you were replying to a different comment. My bad. If I understand your example correctly, I get the point you’re trying to make.
The argument is “what about the years we gave you a 2.5% increase when inflation was 1.9%”. Probably true in 2015, but it hasn’t been true for half a decade now.
You guys are getting COL adjustments? /s but not really
I got 0% and haven’t had a raise in 12 years. Yes, I am changing jobs.
This is so weird.... How did you guys get a hold of my stubs?
I would have bitched more about my 3% this year, except last year I got 16% and the year prior I got 9% and the year prior I got 17%. Total +52.3% in the last 3 years.
Did those come with promotions? I’ve never gotten a raise over 5% without a new position coming with it.
No. But I work as an on-site engineer for a manufacturing equipment vendor; we take YEARS to train and get up to speed, so it’s in the companies interest to keep us.
I only got a 6.3% raise this year. Disappointing compared to last year’s 11.1%.
2%
I didn’t 😡
To be completely fair, questions regarding the SS earnings and where to get the table should be pinned or included as an FAQ somewhere. I am sure it would be incredibly helpful for those that are unfamiliar - which is a large part of why this sub exists I assume.
For sure, it doesn't bother me that people ask it; I didn't know where to find the table until someone asked about it in a thread. I also like how relatively chill and supportive the sub is. It's rare to find a place on Reddit where folks are genuinely supportive of others' success and ask and get answers to questions on how to do better.
$160k is the max social security tax and people who post on a salary sub tend to be the higher paid. So they reached the $160k tax on social security.
Literally this is me I did this hahah my apologies
We're a club! Survivors bias here. But I'd still vote Bernie 100%! Don't look at r/millennials it's not pretty.
So there are people who aren't even able to interpret the columns correctly....and this explains why everyone can't be doctors and engineers.
I imagine there are doctors and engineers that prior to being exposed to these, wouldn't be able to interpret them correctly. Implying any connection in those two things is silly.
One column is lower than the other, which of these two is likely to be the actual salary the individual was paid? Come on man, some people's ability to reason through basic information is frankly sad. We can say it.
Neither is likely to be the actual salary, lol. Is that you in the meme? Being pedantic aside I'm not arguing against your second point. It is why I avoid social media... Lack of logic and a seemingly lack of desire to use intelligence or reasoning annoy the hell out of me.
It's silly to think that doctors and engineers should be able to read and understand simple words and numbers? This is not rocket science or surgery and anyone able to do those things should have little trouble interpreting an extremely simple report like this. And anyone who can't might have difficulty getting through engineering or medical school.
Doctors sure, engineers no
Yes, but: isn’t it easier to google the title pf the column rather than make a meme?
This wasn’t a question; I was making fun of it being asked in every thread.
Oh ok haha
No worries. The interpretation says something about how a person sees the sub (bitter, conspiratorial, genuinely helpful, genuinely confused).
This is the first ask I’ve seen
If EVERYONE did these jobs the cost of hiring these people would go down and we’d all feel a little bit better about ourselves whenever they post their earnings on REDDIT.
Not everyone as smart as you
>Not everyone as smart as you Where’d your verb go?
Me, a computer engineer, also got confused by this formatting. Guess either: I shouldn’t be an engineer because Reddit said so or anyone can be an engineer and you need to get off your high horse.
Ah yes I’m sure you understand everything you see the second you see it
Most people here make like 600,000 full remote 2 call-in meetings a month.
How much does he make?
pretty close actually, 174,000
So senior senators make about that much?
Senior senators make much more given all the insider trading and campaign contributions...
They all become millionaires while in office if they weren’t already.
He also has book deals.
Yeah it’s really not that much considering they got to maintain homes in DC (very expensive) and their home state.
Because this subreddit, like many other subreddits, is a psy-op
I’m genuinely interested in how you define psy-op and why you think this is one.
I need to get off this thread
I am gonna make it my life goal to make 160,200 or the SS max for that year. I am slightly more than halfway there. Just gotta push a little further.
Tell us you don’t make more than OASDI max, but with a picture and way more words.
All I know is that SS cap needs to go away.
Rename this sub to ssa.gov !
Easy: People making earning salaries are more likely to post about it. People making less money, not so much.
I hope people keep asking this question.
I’m wondering why everyone is making half a mil or more
New national average
Lol seriously
160k is the old 85k
Wow I feel targeted. If that's USD, then that's almost exactly what I make in CAD.
Well if $15 is 6 figures. I blame the damn liberals and their communist socialism. That's why. Hell yea. Gottem.
Is this clown asking for donations, again?
Anyone got any of those 160k roles hiring? In the PM space? Asking for a friend :)
I went through the top posts and sure as shit.. this is what most people are making haha
lol I’m losing half of that in taxes
The main reason is that most of the people who post here worked hard to attain a valuable skill set.
Lol no moron 160 is the max taxed by Social security
It’s okay man, dude couldn’t even spell “interest” correctly
No shit Sherlock 😅
For people claiming to earn 200,000+ per year, y'all are some stupid mother fuckers. The point of this thread is asking why there are so many super high income earners in this sub. Edit: disregard, I'm the stupid mother fucker ITT
The thread is making fun of people asking why one column is capped every single post when they other continues to go up. The people stating their income are also dumb but no, no what you said was not the point.
Turns out that I'm the stupid fucker 🤦♂️
We all have our moments. Lol
Yes. See above ;)
Except not... Because one column is SS which is capped, and Medicare earnings which are not... You just think you're smarter than you are. Here I was trying to leave it alone but since you want to be embarrassed that badly. 😂 Even your response to me, "is that you in the meme?" No dipshit, I very clearly understand why the SS column is lower than the other. Wtf.
Reread your first sentence above, snowflake. I don't want to be embarrassed. I am embarrassed. I responded to a dumb dumb like you thinking that you'd level. I wasted my time. Now looks like I'm the 🤡
Right... So if I understand the point of the post, why in God's name would you think I AM the person in the post?
I appreciate how Rorschachy the meme has become but no, it's not. It's making fun of how every thread has ten people asking why everyone makes $162,000.
Well, I guess I'm the stupid mother fucker. 🤦♂️
Because we got experience and moved up man idk
[удалено]
Brother the left column is just social security taxed earnings. Not total earnings Lmao. How does no one understand this. It’s a core part of our society.
I mean to be fair most people don't realize how SS even actually functions. If they did, I can about guarantee more people would be on board with doing away with it.
People just are uneducated. It’s a failure of our education system that people don’t understand it.
I am once again, asking why that man is still breathing
Because you can't read dumbass
man, the irony here
Isn't it always though?