[Forbes] Most likely you will pay your Social Security taxes all year round. But some high earners will stop paying a few hours after we ring in the New Year, many before we return to work in the new year.  Social Security benefits are paid by the FICA tax, which is 12.4% of pay (split …

Continue reading Somebody Stopped Paying Their Social Security Taxes Today

Social Security Commissioner Andrew Saul [Mark Miller | Marketwatch] If you’ve ever experienced a long wait to get help from the Social Security Administration, the agency has some good news for you: the pace is about to pick up a bit. Repeated cuts to the agency’s administrative budget over the past decade by Congress have …

Continue reading Soon, you can expect better service from Social Security—but there’s a catch

Image via Pixabay [LA Times] In a world where the rich always seem to get richer whatever the game, Social Security always seemed to be one program that was truly “progressive” — it benefited the working class more than the moneyed class. Right? Sadly, no. In reality, despite painstaking efforts to ensure that Social Security …

Continue reading Column: How the rich get an undeserved windfall from Social Security