Amazon’s CEO contributed just 0.4% of his taxable pay to Social Security last year. Meanwhile, Amazon’s median-paid worker contributed 6.2%. Amazon's workers paid a 15x higher rate of their taxable income into Social Security than their CEO. Scrap the cap.
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The more they hoard the greedier they get, while the little guy works his ass off and gets almost nothing. This has to change.
No wonder Amazon's logo is a smirk.
Contributions are capped because benefits are capped. It's not complicated.
If you want to raise income tax rates on high earners, do that. Great! They should be higher. Be up-front about it. But don't pretend there's no logic behind SS contribution caps.
What about a donut hole? Cap out at $120k and kick back in for income over $1 million?
Map of protests is easy to use. www.mobilize.us
Strike and march on Mayday. Let’s show the world do not support this fuckery fascist bastard.
"Keep those Amazon accounts, America. Bezos needs more money." She said with a giant eye roll...
I paid more than all of these freeloaders that have too much money... All O paid was about 2000 usd in 2018
Instead, he gave by buying Melanie's movie.
100% its gone on way too long !
if we got rid of the cap and raised taxes on the uber wealthy to even half what they were under Eisenhower, SSA would literally never ever have any solvency issues and our long term debt would evaporate with 5-10 years. Max.
Look, if they are gonna slash the things we depend on and drown the nation in debt instead of paying their share.. ..why shouldn’t we have our own nonviolent tax revolt? open.substack.com/pub/noelkeit...
Social security isn't necessary for billionaires having them pay in and then collect at the highest level will decimate it for us normal people. The cap is ok with me.
I think you may have a misunderstanding; your benefit is capped at a max of around $4k monthly. You hit a maximum threshold in your benefit that has nothing to do with how much you paid in. It's designed so you don't live in poverty, not so that you maintain some standard of living.
Just another reason to boycott the Amazon impulse buying enabler empire and overpriced WholeFoods
Good idea. What is it? Like 150k
inequality.org/article/tax-...
We’re the slaves for the billionaires
When is it enough for these billionaires? They seem to have hoarding disorder.
Hoarding money they can't take with them when they die, while other people are going without, through no fault of their own.
Never. They and capitalism that enables them are cancers on the planet
It is never enough. Their greed cannot be quenched.
"For the love of money is the root of many kinds of evil" -A popular book, worshipped by many, read by too few of same.
Well said.
They are truly SICK
#TaxTheRich
Those who must sacrifice food or shelter are forced to pay so that those who would not notice the loss do not. en.m.wikipedia.org/wiki/Maslow%...
Not even. Most of his pay is stock compensation and he doesn’t pay any FICA tax on that.
Remove the #SSACap
Simple…remove the cap. May not fix the SS funding issue by more than 50ish% but that is one step forward and these million/billionaires wont miss it.
Man Americans take the shittiest deals , about time you stood up for your selves, or do you like been used by the rich, and treated like their bitch
Should we scrap the cap on benefits too? The whole point of social security is that you get out what you put in (kind of).
It’s really really not.
I think when you get to 50 million dollars, every bit of wealth after that should be taxed at 99%. You won capitalism, retire!
CECOT concentration camp is where they r kidnapping & disappearing ppl to, and r tortured where some end up dying & dumped in mass graves. The illegitimate, Constitutionally disqualified, corrupt, criminal felon & his fascist regime plan to build 5 more camps. bsky.app/profile/thej...
And all those billionaires will be first in line to collect if it's still there for them
I think you are missing a few zeroes to the left of the 4.
And throw a property tax on mega yachts and airplanes.
With this we could easily keep ss going! No Caps!
The percentage of total wealth you own is the percentage of your wealth you should pay in taxes. Imagine, the top 1% of wealth holders paying 31% in taxes, still not struggling in the slightest, and those of us choosing between rent and food every month paying 0.00005% instead of 20%.
If the cap was simply indexed to inflation and billionaires just paid their uncollected taxes it would solve a myriad of issues. But, they’ve shown they’ll happily drown democracy in favor of a fascist idiocracy before they’d part with any of their billions. They’re all complicit.
Would you rather have 6.2% of the average workers salary or 0.4% of the CEO salary?
In 2024 Bezos paid at most 6.2% on $81,840 (his Amazon "salary"). So yes, he actually paid about the same as an average worker. Even a minimally honest behavior would have him pay that 6.2% on $168,600 (social security maximum). It would be more honest to pay proper taxes on his billions in income.
So he paid more than the average worker… Will he end up getting more than the average worker??
Reading comprehension problems? He paid just as much as an average worker. He will get just as much as an average worker. But his real income is orders of magnitude more than that of an average worker. He just chose to get it in a way that avoids taxes.
I don’t see a problem with him paying whatever he’s paying… The problem is that we are taxing Social Security thanks to the Democrats, as well as giving Social Security to illegal aliens
Based on your post -- I have no doubt that you have no problems with him getting rich at the expense of seniors. Btw, unlike Bezos, most "illegal aliens" contribute 6.2% to social security that American seniors will use for living.
I’m asking you now for the second time how is he getting rich unethically off of seniors… Be specific
He structured billions of income so that only $80K is "salary", so that even under the current law he pays $5K less than the maximum, $5K less than millions of middle class Americans, $5K that won't support the social security fund. Not to mention, there is no reason for a cap in the first place.
Explain how Bezos is getting rich at the expense of seniors… Be specific The guy pays Social Security tax income tax capital gains tax property tax corporate tax Payroll tax on employees State taxes Municipal taxes Property taxes Sales taxes Registration fees for every single vehicle On & on
No doubt he will be the first in line to collect. Why are millionaires & billionaires allowed to work the system?
Such a disgrace!! 🤥
www.thomasnet.com/insights/jef...
While you’re at it scrap the crap!
Scrap the cap and close every single gd loophole they wiggle themselves through - fund our nation in perpetuity.
Tax the rich!
It’s more accurate to count the tax rate as 12% employers provide a match that is hidden from the W2. Self employed folks pay the full 12%. In theory , that 6% should be in play for the salary
We're all slaves in the hands on riches
And that's just his 'taxable' pay...
But the both will collect the same amount when they reach retirement age. There are enough real issues that are happening to deal with.
No- rich people collect far more from SS than the median person. 55,000 a year vs 16,000 a year. And it’s even more inequitable when considering life expectancy differences of the poor
True about life expectancy and average earners. But someone making $180,000 and someone making $10,000,000 both paid in and collect the same amount even though, proportionally, the lower earner paid a lot more. So using percentages is deceptive.
True , but I bet most 180,000 $ earners have access to investment tools and/or professional real estate knowledge, and would rather have 12% of their SS tax to invest for a higher return
Not if they live in or near a big city. That’s not near enough to have that type of access. I made just about at the max for many years, but living in a NYC suburb it was very middle class.
Nicer places to live cost more. I don’t think SS should be scaled up for different cities when some cities are just nicer
How do you define “nicer?” Cities cost more for many reasons such as more services and more high salaried workers.
People with maxed SS benefits can likely afford to move to lower cost places
So you think it’s reasonable to expect someone who grew up and lived their entire life in NYC, has all their friends and family there, to just move someplace else? What, as punishment for having worked hard enough to make a decent living?
I’d like to see a universal basic income large enough so that people can move if they can’t afford where they are born.
0.4% that's absurd!
Scrap the cap. Take down the money-worshippers. Nobody should be flagrantly wealthy while so many people are homeless, hungry and living paycheck to paycheck. It's obscene and they ought to be ashamed of themselves. Except, like their Evil pied piper, they are impervious to the cries of others. Rise
And the self-employed and independent contractors ( the small businesses we claim to care about): they pay both the employer and employee portions of Social Security and Medicare tax—a total of 15.3% on 92.35% of their net earnings from self-employment, regardless of how small those earnings are.
Jeff Bezos takes in 7.3 million dollars an hour.
cc @teamlabouruk.bsky.social
The numbers don’t lie!!!
You forgot to mention the millions of dollars he paid to kiss Tramp's ass. Figure that into the "spread" sheet.
Scrap the Social Security cap. Add a cap to political donations. I suggest ZERO.
That it's only 0.4% of his taxable pay is more an indictment of how the rich are able to manipulate taxable income to avoid payments.
I dropped prime & started looking at other vendors If Bezos can give Trump a hundred million dollars or more than over the last 20 years I have given enough to Amazon
Pathetic. Greedy as f**k. That’s obviously why we’re where we’re at in America right now.
ASAP - also tax all churches now! They can write off their charitable contributions like the rest of us.
And may I add - F*ck Andrew "Assy" Jassy
Doesn’t pay the workers at Amazon a living wage won’t let them join a union that can fight for the collective. Isn’t that called Russia
Bosses do not get to decide if workers join unions.
As a twitch streamer, this is enraging. I don't even count as one of his employees, and I paid insane tax because of my "extra" income spent dancing for his pleasure on camera. Make it make sense. Anyone got a fancy medication that cures a wicked billionaire infection?
Question: if the cap were scrapped, how would monthly Social Security payouts be computed for top earners?
Our max payout should be their max payout. Those who profit disproportionately from living and working and doing business in this country need to contribute disproportionately to keeping it going for the next generation of entrepreneurs and labor. There’s a reason we don’t have a nobility.
Lifting the cap would not help. It appears that in 2024 Bezos' Amazon "salary" was just $81K, well under the social security cap. The solution is not (necessarily or only) to lift the social security cap. The solution is to tax all types of income appropriately.
I’d rather see CEO pay tied to worker pay—no more CEOs earning >500% of workers.
I have long thought the cap was wrong. Removal makes this tax work for society, like progressive income tax did before Reagan's massive chop to the top brackets.
His "taxable" pay which is a pittance of his income, by design
And bring the guillotine.
Tax the rich!
Boycott, boycott, boycott! www.youtube.com/watch?v=GC3M...
Or at least double it.
Just one of the reasons I won’t buy off Amazon anymore.
The cap is a big help for people who pay into this system annually knowing they'll never get anything back. Maybe restart it at $1m, but there's a lot of people who make less than that who aren't Bezos-rich, don't raise my taxes too!
Unfortunately, too many people have the mindset of "why should they pay into a system they will never use."
“Because that’s the cost of living in a great country where even old, sick, poor, disabled, and bereaved people’s lives have intrinsic worth, and they can still buy your shit. This isn’t some Ayn Rand wet dream.”
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I complain about regressive taxes all the time, and I've railed against the Social Security income cap, but I never put the two together like this. Social Security—while not literally a "tax"—is even more regressive than flat taxes or sales taxes!
It’s even worse when consider most poor folks don’t live more than 1 year after age 65 - it was way worse in Chris rocks peak years (2002 I think )
Easy way to save social security. People do not know that in 2025 the maximum earnings subject social security tax is $176,100. Most of us pay social security tax on every penny we ever earn, but not the top %. If we eliminate this cap and cap benefits paid out, that will save social security.
Easy way to save social security. People do not know that in 2025 the maximum earnings subject social security tax is $176,100. Most of us pay social security tax on every penny we ever earn, but not the top %. If we eliminate this cap and cap benefits paid out, that will save social security.
If the cap was also scrapped for medicare we could actually have medicare for all.
Agreed 💯
The billionaire tech-bros are siphoning all the money out of the world economy, where it stagnates because they have nothing they need to do with it. Governments are going to have to start printing money just to replace the cash they’ve taken out of circulation and stuffed under their beds.
It's way past time to remove the artificial income cap on the FICA tax.
Income inequality is the source of the problem.
Buy books from @powells.bsky.social
And/or City Lights bsky.app/profile/city...
Oh yes! Lived in SF in the early 90s with my teenage daughter. City Lights is what convinced her that moving from Ann Arbor to SF was a good idea
This is somewhat misleading as the Social Security tax has a cap of earnings. This year it is around $176k. Thus the effective tax rate for a person making more than this amount is less than the 6.2% tax rate. This model has worked for years. Focus on Income Tax Equality.
How is that deceptive? They literally are arguing to eliminate the cap
If the cap is eliminated and the tax rate is a flat rate like it is now then all pay the same on W2 wages. Problem is most rich folks don’t get all their income via taxable wages.
Yeah, other types of taxes are needed to #TaxTheRich effectively, but eliminating the cap for Social Security would certainly help the long-term solvency of that program
Corporate democrats allowed this. These policies are written by Congress giving Amazon Jeff bezo unlimited power and pay shit in taxes
