Tax legislation enacted at the end of last year makes significant changes that touch virtually all taxpayers. While most of the new provisions have consequences for the 2018 tax year and thereafter, there are at least a ...
Daily Archives: March 6, 2018
Congressional Leaders Call For Cuts to Social Security, Medicare and Medicaid
Shortly before passing tax reform into law, Republicans announced plans to go after “entitlement spending” in 2018 to reduce the federal debt. Passage of the tax bill is estimated to increase the federal deficit by $1.5 ...
How A Provision of Tax Reform Increases Chances of Lower COLAs
By Mary Johnson, editor The main source of funding for Social Security comes from the payroll taxes that workers pay into the program. But there are two other sources of revenues: taxes that retirees pay on their Soc ...
Close