Tag: Social Security earnings
I would argue for moderation. I usually have a strong opinion on issues in my sphere, but have been going back and forth about one component likely to be in any package to fix Social Security – namely, increasing the taxable wage base. Some increase in the wage base is almost inevitable because growing wag…
In January 2011, employees across America experienced a cut in their payroll tax from 6.2 percent to 4.2 percent on their earnings up to the Social Security maximum ($106,800). (The self-employed saw their tax go from 12.4 percent to 10.4 percent.) The cut is supposed to expire at the end of the year. In t…
