Posts Tagged ‘Social Security Trust Funds’
4 Pressing Questions About Social Security Income and Taxes Answered
1. Are Social Security benefits subject to federal income tax?This will depend on your total income, because the more you make, the more taxes you pay on your benefit. If you file as an individual and your combined income – your adjusted gross income plus one-half of your Social Security benefits- is below $25K you…
Read MoreImmigrants Responsible for Medicare and Social Security Trust Funds
Bet you didn’t know that immigrants pay for your Medicare. Congress has been wanting to close borders for quite some time with their immigration reform act, but this could deplete Medicare’s already dwindling trust fund. The current issue of journal Health Affairs states that within seven-year period immigrants paid $115.2 billion in Medicare than they…
Read More