Tag: Social Security
New numbers suggest caution about cutting future Social Security benefits Now that the election is over, it’s time to pay attention to some of the nation’s underlying problems. One important concern is the inadequacy of the nation’s retirement income system. The National Retirement Risk Index (NRRI) shows the share of working households who are “at…
The main reasons that 47 percent of households do not pay federal income taxes are provisions in the tax code that 1) provide basic exemptions for subsistence level income and 2) offer tax expenditures that wipe out the tax liabilities. These provisions mainly benefit senior citizens and low-income families with children, who account for t…
