Today is just another day for millionaires and billionaires, but for the rest of American’s workers—it’s significant.  February 19th, 2020 marks the date when America’s wealthiest stop paying into Social Security for the rest of the year.  This is because Social Security payroll contributions are capped at $137,700 in annual wages, a ceiling the average millionaire hits on this very day. Everyone else keeps contributing to the program through December 31st.

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