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The annual cost-of-living-adjustment isn't keeping up with inflation, according to The Senior Citizens League advocacy group.
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.
Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively ...
Support for shareholder resolutions pressing U.S. companies for environmental and social reforms fell to 16% on average for the 12 months ended June 30, half the rate of three years ago, data from ...
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MiBolsilloColombia on MSN2 New Reforms Under Discussion for Social Security PaymentsThe Social Security system, a financial lifeline for millions of Americans, is facing potential insolvency by 2034. To ...
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Money Talks News on MSNSocial Security at Breaking Point: How Proposed Reforms Will Impact YouHigh-income earners finish paying Social Security taxes after earning $176,100, while average workers contribute all year.
A ‘sovereign wealth fund’ won’t fill the funding gap and may actually make the problem worse.
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