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- 18% Of Workers Pay No Social Security Taxes On Earnings Over $128,400 Most working people pay Social Security taxes on every dollar earned and many pay more in Social Security taxes than in federal income taxes. Yet nearly one out of five workers — some 18% — pay no Social Security taxes on any earnings over the Social Security taxable maximum — which is $128,400 in 2018. According ...
- Cuts To Social Security, Medicare, and Medicaid Not Supported By Older Voters (Washington, DC) – A survey of older voters indicates that Congressional plans to cut Social Security, Medicare and Medicaid in order to shrink the deficit would be politically explosive in an election year, warns The Senior Citizens League (TSCL). “Tax reform legislation would swell the deficit dramatically, making it more difficult to fund essential Social ...
- The Tax Reform That The Public Supports And Boosts Social Security By Mary Johnson, editor Over the next decade, the amount of payroll taxes flowing into Social Security is expected to drop, but not for the reason that most people think — because Baby Boomers are retiring. To the contrary, according to the Congressional Budget Office (CBO), the loss in payroll taxes from the retirement of Baby Boomers ...
- House Budget Resolution Takes Aim At Social Security & Medicare Mary Johnson, Editor President Trump’s campaign promise not to touch Social Security or Medicare may be on its way to the dumpster. The President’s own party has released a House budget resolution containing a buried controversial provision that would all but force lawmakers and President Trump to take up Social Security reform some time within the next ...
- Social Security Reform “Trigger” Buried in GOP Budget Resolution Says The Senior Citizens League (Washington, DC) – The House fiscal year 2018 budget resolution includes instructions for creating an unusual Social Security “reform trigger” and sets up an expedited path for ensuing legislation, says The Senior Citizens League (TSCL). “The budget resolution instructions are written in such a way that lawmakers and President Trump would almost certainly be required ...
- Trump Budget Proposes $64 Billion In Social Security Disability Cuts By Mary Johnson, editor President Trump’s budget includes $64 billion in cuts from the Social Security Disability Insurance (SSDI) program over the next 10 years despite the President’s repeated campaign promises that he would not touch Social Security benefits. Trump’s budget Director Mick Mulvaney justified the cuts, arguing that SSDI was not technically part of “mainline” ...
- Proposal That Would Boost Social Security Benefits For Caregivers Strongly Supported Women who receive Social Security benefits outnumber men who do by almost 18%, according to data from the Social Security Administration. While women tend to outlive men, the average benefit received by women is 26% lower than the average benefit received by men. During women’s working years they tend to earn less than men for the ...
- How Reforming Social Security Taxes Could Help You Much of the discussion about tax reform on Capitol Hill has focused on lowering corporate tax rates, and the taxes paid by the highest-income households. The GOP’s “Better Way” tax plan released in 2016 would affect everyone, including older Americans, because it reduces the seven income tax brackets, ranging from 10% – 39.6% to just ...
- Will Trump Flip Flop On Social Security? By Mary Johnson, editor One of the biggest decisions President Trump will make in coming weeks is whether to sign legislation that would overhaul Social Security, Medicare and Medicaid. On the campaign trail Trump repeatedly promised that he would not cut Social Security benefits. But his choice of budget director, Mick Mulvaney, who supports raising the ...
- Benefit Bulletin: May 2017 Boosting Social Security May Boost Cognitive Function A severe decline in cognition is often an early warning signal of Alzheimer’s disease and dementia. Loss of cognitive function can seriously impair one’s ability to live independently, and, with our aging population, imposes a huge financial burden on patients and caregivers, as well as Medicare and Medicaid programs. ...
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