How Much Will I Get From Social Security if I Make $100,000?
Asking how much you will get from Social Security is a question well worth asking in light of how much our paychecks shrink thanks to Federal Insurance Contributions Act (FICA) deductions. Will we ever get that money back, and if so, will the return be a fair amount?
Believe it or not, on average we do ultimately end up getting our FICA deductions back, and then some. People earning a six-figure income often even reach the maximum monthly Social Security benefit if they've earned good enough money in their working years.
Before lamenting the unfairness of the Social Security Administration's (SSA) math, however, know that the SSA is also working with a maximum amount of individual income it's able to tax for the purpose of funding Social Security.
Source Fool.com
