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Why is there a limitation on the amount of money we have to pay tax on...

Why is there a limitation on the amount of money we have to pay tax on for Social Security and not for Medicare? Is it fair that those earning more in wages or earning through dividends and capital gains get to pay less towards Social Security as a percentage of income?

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Answer #1

The limitation is given by the ffederal insurance contribution according to it any person can deduct according to his wish for the medical insurance but there is a limitation for socail security beacause health isconsider as the first priority as there are many health issues which can arise in future to be secure with that we had know limitation for medical insurance but coming to social security it is providing retirment plan thus we can have a social security

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