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Currently, only the first $176,100 of a worker's annual income is subject to the 6.2 percent Social Security payroll tax, which is matched by employers to make a total contribution of 12.4 percent.
Let’s be clear: The bulk of the current deficit is the result of reduced tax revenue, not legislated increases in spending. Tax revenue peaked at 20% of GDP in 2000. For those who don’t remember, the ...
Just before Independence Day, I rushed back to Washington to vote against the One Big Beautiful Bill as Republicans rammed it ...
“Our investigations found that everyone has a Thai visa and came through Thailand,” Colonel Saw Chit Thu, the Karen warlord whose militia controls the major scam hubs of Shwe Kokko and KK Park along ...
A June controversy over the lack of air-conditioning inside Delaware's largest prison caught the governor's ear and sparked claims of retaliation.
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Newser on MSNSocial Security Could See Ample Cuts by 2032Dual-income couples could see their annual Social Security benefits slashed by $18,000 just seven years from now, according ...
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Money Talks News on MSNWhat Would a Reduction of Social Security Benefits Mean for You?If claiming at 62 with no future reduction in benefits, they are projected to receive $403,200 in Social Security “real” benefits over their lifetime. If claiming at 62 with a 23% reduction in ...
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