Millionaires Are Done Paying Into Social Security for the Year

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 …

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Biden has promised to reform Social Security — some changes could come as soon as this year

Image courtesy of Social Security Administration via Wikimedia Commons President Joe Biden, Congressman John Larsen, and Senator Bernie Sanders have each proposed a plan to expand Social Security. Biden's offers a modest benefit expansion and would solidify the program's finances until 2039; Sanders' and Larsen's bills provide for additional benefits and would secure funding to …

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Column: Biden needs to clean house at the Social Security Administration, and fast

Image: Nick Youngson via Blue Diamond Gallery/Creative Commons 3, http://thebluediamondgallery.com/legal/social-security.html Donald Trump’s obnoxious effort to plant a fifth column of administrative vandals inside federal agencies just before President Biden’s inauguration has been widely reported. The situation at the Social Security Administration is a little different. There, the vandals weren’t installed just lately, but back in …

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