Break-even line below which high earners are better off with "scrap the cap" than benefit cuts
| Age | Annual earnings in 2024 |
|---|---|
| 32 | $230,000 |
| 33 | $232,000 |
| 34 | $234,000 |
| 35 | $236,000 |
| 36 | $239,000 |
| 37 | $241,000 |
| 38 | $244,000 |
| 39 | $247,000 |
| 40 | $250,000 |
| 41 | $254,000 |
| 42 | $257,000 |
| 43 | $261,000 |
| 44 | $266,000 |
| 45 | $271,000 |
| 46 | $276,000 |
| 47 | $282,000 |
| 48 | $288,000 |
| 49 | $295,000 |
| 50 | $303,000 |
| 51 | $312,000 |
| 52 | $322,000 |
| 53 | $334,000 |
| 54 | $347,000 |
| 55 | $363,000 |
| 56 | $381,000 |
| 57 | $403,000 |
| 58 | $413,000 |
| 59 | $426,000 |
| 60 | $443,000 |
| 61 | $465,000 |
| 62 | $498,000 |
| 63 | $545,000 |
| 64 | $626,000 |
| 65 | $789,000 |
| 66 | $1,274,000 |
Source: Author's analysis using Social Security Administration's Contribution and Benefit Base and the projections and assumptions in the 2025 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds.