Deborah Steelman
The Social Security Administration has demanded money back from more than 2 million people a year — more than twice as many people as the head of the agency disclosed at an Octobercongressional hearing. That's according to a document KFF Health News and Cox Media Group obtained through a Fre...
It has been argued that the high cost of social security is in part responsible for the low levels of economic growth in industrialized societies since 1973. The argument takes three forms. First, it is said that high levels of unemployment benefits reduce the incentives to take paid work. Se...
Myth No. 1: Social Security is, or will be, ‘bankrupt’: Social Security will not run out of money. The program is financed by payroll taxes, so as long as workers pay into the system, money will always come in. …It’s the Social Security Trust Funds’ reserves that are projected...
Anderson Cooper: If someone's been paid too much in Social Security benefits, why shouldn't they have to pay it back? Laurence Kotlikoff: Because you relied on it. So you may have decided to-- retire early, or to spend the money on your child's tuition. ...
Social security regulations have become extremely complex and difficult to understand. Where there are separate funds, each may have a national office, with no branch offices to which the public has access. Disputes often arise over which fund is responsible for paying benefits to particular claimant...
To pay Social Security taxes, employers must use theElectronic Federal Tax Payment System (EFTPS)to make deposits on a semi-weekly or monthly schedule. Your business’s deposit schedule depends on the total taxes owed in previous years (i.e., the lookback period). ...
All workers have to get a Social Security number. It is an identification身份证明 number that a person keeps forever. When a worker starts a job, the number is given to the employer. Each payday发薪日, a certain amount of the person’s wages is held back by the employer. The money is...
Receiving Social Security benefits under your FRA could cause you to lose some of that money back to the government if your income is high enough. TheSocial Security Earnings Testwithholds: $1 from your checks for every $2 you earn above $22,320 per year if you will be under your full ...
Don’t count on getting a large Social Security check in retirement if you never earned much money from a lifetime of self-employment. Specific categories of earnings don’t count toward Social Security for most people, whether they're self-employed or employed. These include stockdividends, lo...