Preserving and strengthening Social Security for Washington State
With every paycheck, we contribute to Social Security, and so do our employers. That’s how the program is funded. Then when we reach retirement age, incur a disability, or if a breadwinner dies, we are protected by modest but dependable monthly benefits. Maids, mechanics and millionaires – nearly all of us are covered because nearly …
Continue reading Scrap the Cap: Strengthening Social Security for Future Generations
[via Social Security Works] Today’s federal minimum wage[1] is only $7.25 an hour. It is worth less and buys less than it did a half century ago.[2] At the same time, the United States is at its wealthiest moment in history. The inadequate minimum wage hurts low-wage workers. In fact, it hurts all workers,[3] as …
Continue reading Enacting a $15 Minimum Wage is a Win for Social Security
Image via Flickr Creative Commons | https://flic.kr/p/fodXun [Via NCPSSM] Today is the day most millionaires stop paying into Social Security for the rest of the year, while most of us will continue contributing FICA payroll taxes through the end of December. The payroll tax cap for 2021 is $142,800 in annual wages. As of today, the average …
Continue reading Millionaires Are Done Paying Into Social Security for the Year
Social Security Works - Washington 