Preserving and strengthening Social Security for Washington State
President-elect Biden and several Democratic lawmakers all have strong proposals to expand Social Security benefits and raise taxes on the wealthy. The presidential transition may also trigger changes at the top of the Social Security Administration. [Via CNBC] Biden’s Social Security platform includes key benefit increases. Eligible workers would get a guaranteed minimum benefit equal …
Image via Flickr Creative Commons: https://flic.kr/p/2cqQTSu [Teresa Ghilharducci | Forbes.com] Most likely you will pay your Social Security taxes all year round. But some high earners will stop paying before their hangover headache hits in the wee hours of New Year’s Day. Social Security benefits are paid by the FICA tax, which is 12.4% of …
Continue reading Raise The Social Security Cap – Now The Rich Pay Through New Year Day’s Brunch!
Photo: 401(K) 2012 via Flickr Creative Commons: https://flic.kr/p/ayZi8V [Barron's] Seniors and other Americans who get Social Security benefits won’t notice much of a difference in their monthly checks next year as the annual cost-of-living adjustment will be the smallest since 2017. The Social Security Administration on Tuesday announced a 1.3% cost-of-living adjustment, or COLA, for …
Social Security Works - Washington 