The recent debates over how to fix growing budget deficits, recently highlighted by President Trump’s fiscal year 2021 budget proposal and the latest Congressional Budget Office report, have motivated ...
The Social Security Administration on Oct. 10 unveiled a higher threshold for earnings subject to Social Security payroll taxes, known as the "taxable maximum" or "wage base." The limit shifts ...
The Social Security OASI Trust Fund is on pace to be depleted in 2033, at which point an across-the-board benefit cut of 23% would happen automatically. The Social Security program could increase ...