dividendswithdrawalsfromannuitycontractsandothertaxableIncomethatmustbereportedonyourtaxreturn,inadditiontoyourbenefts.Noonepaysfederalincometaxonmorethan85%ofhisorherSocialSecuritybenefts.Individual:Ifyourincomeisbetween$25,000and$34,000,youmayhavetopayincometaxonupto50%ofyourbenefits.Morethan$34,000,upto85%of...
Foreign Trade Regulations (FTR): Eliminate the Social Security Number (SSN) as an Identification Number in the Automated Export System (AES)Robert M. Groves
There has been only one year, 2000, where receipts from income and excise tax revenues paid for the operation of the entire federal government outside of Social Security. (It was $1.627 billion in surplus) And then, Republicans and Democrats elected after 2002 simply quit caring about deficits...
At present time, the U.S. federal income tax code allows corporations to deduct interest expense but not cash dividends paid to stockholders. Does the tax code tie in with any of the equity theories? In 2000, Germany i...
“The idea that anyone could eliminate the entire national debt in a few years, while also promising tax cuts and without touching Social Security and Medicare, which Trump also promised, was so mathematically illiterate as to be absurd,” Riedl says. “It was just throwing out incoherent promi...
Anti-penny advocates scoff at this argument, pointing out that Lincoln would still remain on the $5 bill, which is actually useful to consumers. The bills, according to theFederal Reserve, cost only $0.048 to print, far less than their $5 face value. That makes them a much more cost-ef...
The proposals Trump made on the campaign trail - from extending his 2017 tax cuts to abolishing tax on tips, overtime and Social Security benefits - could add $7.5 trillion to the nation's debt over the next decade, according to the nonpartisan Committee for a Responsible Federal Budget. ...
Clinton and GOP leaders have been arguing over the size and scope of a tax cut, but we should not be cutting taxes at all until deficits are eliminated. If balancing the budget is our paramount objective, it's foolish to make that goal harder to reach by reducing federal revenues. If ...