And it changes every year a little bit, about $170,000 a year. And after that, you don't pay another dime into Social Security. It's actually a regressive tax. If you just lifted the cap and no matter what you made, you paid the same percent as we pay into Social Security, you extend the life 75. How does Trump get approval to pay Musk $8 million a day? That's the federal contracts we talked about. And finally, is our hard earned Social Security safe again? (08:01–08:10)
CLAIM
Asserts that lifting the Social Security tax cap would extend its life by 75 years.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
