Tag: taxation

Social Security Card: Senior woman holding card in hand on white background

Introduction Today, the Social Security Administration announced that benefits payable in December 2008 would be increased 5.8 percent beginning January 1, 2009.  This cost-of-living-adjustment (COLA) – the largest in 26 years – is an important reminder that keeping pace with inflation is one of the attributes that makes Social Security benefits such a unique source of…

June,1,,2019,,Brazil.,In,This,Photo,Illustration,The,Social

Abstract Social Security is the largest social insurance program in the U.S., and has been shown to be a major determinant of the labor supply decisions of older workers. As such, reforming the Social Security system can have two fiscal impacts: a “mechanical” effect through changing the rules on benefits entitlements or taxation, and a…