Tag: savings
Four out of five retired households will pay little or no income taxes. But the tax rates at the highest income levels are meaningful, averaging 11 percent of household income and as much as 23 percent at the very top. These estimates come from a new analysis by the Center for Retirement Research that sheds…
Some think in terms of household income of $400,000; the answer is $70,000 When the time comes to fix Social Security, one prominent proposal would raise the payroll tax and apply the tax on earnings above $400,000. Hanging around financial types and academics who worry about pensions and retirement income, it is easy to get…
