Warren Buffett's Social Security Tax Bill Will Shock You
Social Security plays a vital role in the finances of tens of millions of Americans. But one of the hallmarks of the Social Security program is that there isn't any means testing to receive benefits. As long as you've worked long enough to qualify, you'll be eligible to get monthly checks in retirement or if you become disabled. That's true for you, for me, and for billionaires like Warren Buffett.
Each year, anyone who works pays Social Security taxes. If you're like most people, you probably see that money coming out of your paycheck week after week, month in and month out. As a paid employee of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), this applies even to Buffett.
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