It’s Tax Time: A Primer on OASDI Taxes
By now, a large portion of Americans have worked their way through the annual income tax filing process (although with a little more than a week to go, there are probably many who are still in the throes of the experience.) So, while the terms are fresh in mind, this article by Dan Caplinger explaining the OASDI tax withheld from your income is quite timely. In his post on www.pantagraph.com, Caplinger outlines the tax itself, explains what it does, and throws out some thoughts on the future of OASDI (a.k.a. FICA) under Social Security reform. Read the article here…
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