Category: Payroll Tax

The 6 Social Security Myths That Won’t Go Away

The program gave birth to the idea of retirement and covers nearly all Americans — but now it faces major financial and customer service challenges.
Social Security Administration to Cut Roughly 7,000 Workers

The agency is also restructuring and closing six of 10 regional offices that coordinate and provide support to employees who serve beneficiaries.
What a Second Trump Term Could Mean for Your Money

Here’s what the president-elect has said he might do with your taxes, student loans, Social Security and more.
No Taxes on Tips? A Trump Idea Gains Ground.

The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Donald Trump.
No Taxes on Tips? A Trump Idea Gains Ground.

The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Donald Trump.
Fixing Social Security Is an Election Issue Nobody Talks About

A small tax increase would make the essential national retirement program secure for decades, our columnist says, but lawmakers would have to take action.
Social Security Is an Election Issue Nobody Talks About

A small tax increase would make the essential national retirement program secure for decades, our columnist says, but lawmakers would have to take action.
States Try Easing the Burden of Long-Term Care’s High Cost

Seeing their own financial benefits, too, Washington and California are among the states creating programs to help older residents.
Missing From Biden’s Budget: His Plan for Social Security

The New York Times – Business:
Like the president’s previous budgets, his latest proposal made no mention of any tax or spending increases linked to the program, which he had promised to shore up during his 2020 campaign.
Fixing Social Security and Medicare: Where the Parties Stand

The New York Times – Business:
Republicans and Democrats have sharply divergent approaches to repairing the programs. Any solutions will affect younger workers as much as retirees.
Your Paycheck Next Year Will Be Affected by Inflation. Here’s How.

The New York Times – Business:
If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care.
I’m Young. Should I Care About Social Security?

The New York Times – Business:
One reason: You pay for it. And, despite what many Americans believe, it’s “definitely a misconception” that it will run out before you retire, experts say.