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Tax cap

From Wikipedia, the free encyclopedia

You can help expand this article with text translated from the corresponding article in German. (March 2021) Click [show] for important translation instructions.

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A tax cap places an upper bound on the amount of government tax a person might be required to pay. In this case the tax is said to be capped.

An example of this is the American Social Security Tax, which does not apply to wages over an annual limit.^[1]

References

↑ "Contribution and Benefit Base". ssa.gov. Retrieved 2024-02-13.

This tax-related article is a stub. You can help Wikipedia by adding missing information.

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