Headlines
The President’s Social Security Proposals
The President proposed last week, through his FY 2016 budget , a number of proposals to reform Social Security in small ways, including measures to shore up the strained Social Security Disability Insurance (SSDI) Trust Fund by shifting funds from…
The Social Security Tax Torpedo
There is a dangerous nuance in the US Tax Code that is going to sink and destroy your retirement! There is nothing you can do when the Tax Torpedo strikes, taking nearly half of your income with it! Sounds ominous,…
Fixing Social Security is on Congress’ Agenda
Washington, DC - A growing number in Congress view AMAC’s “Social Security Guarantee” solution as a long-term fix to the looming insolvency of the Old Age and Survivors Insurance (OASI) Trust Fund. The Association of Mature American Citizens (AMAC) is…
Bernie Sanders: Raise Taxes on the Wealthy to Save Social Security
Sen. Bernie Sanders (I-Vt.) on Tuesday proposed raising Social Security taxes to extend the life of the entitlement program and increase benefits. In a 12-page report, Sanders, the ranking member on the Senate Budget Committee and possible presidential candidate in…
The Average American Pays Tax on 42% of Social Security Benefits. How Do You Compare?
Millions of Americans rely on Social Security for income during retirement or in times of disability. Yet many Social Security recipients are shocked to discover that some of their benefits can be subject to income taxation. In fact, taxpayers include…
A Social Security payroll tax freedom day for the 1 percent
On Feb. 11, the top 1 percent of American workers finish paying their Social Security payroll taxes for the year. That’s because the maximum amount of annual earnings subject to the tax is capped at $118,500 (this level is adjusted…
The contagion of the kleptocrats
The kleptocratic Congress has proven over and over that it will not live within its means — the trillions of dollars extracted each year from working Americans. Faced with threats to “shut down the federal government,” Congress has set debt…
Obama’s budget is a new chance for cooperation - or it’s not
President Obama’s new budget made its debut on Groundhog Day, a singularly inauspicious date if you’re looking for balmy weather, of which there’s little in sight for the president’s plan. From the far right, it’s been savaged as another redistributionist…
What the Left and the Right can learn from the center
In politics, the person in the middle is confusing. Republican politicians such as Senator Ted Cruz decry the “murky middle.” Similarly, at a recent House Democratic caucus meeting, tension grew between the majority liberal faction and party moderates. The tension…
Anthem Breach: What Should I Do Right Now?
Repercussions from some data breaches are easily remedied, but victims of insurance company Anthem’s breach will have to remain vigilant against fraud for the rest of their lives. The insurance company, which is one of the nation’s largest and includes…