The United States places a relatively high burden on long-term capital gains income (gains on assets held for more than one year). The top federal tax rate is 20 percent. In addition, taxpayers with AGI over $200,000 ($...
- Video: Scott Hodge Discusses Payroll Tax Cuts on PBS'...
Video: Scott Hodge Discusses Payroll Tax Cuts on PBS' Nightly Business Report
Introduction Social Security benefits alone are not adequate to replace retirement income. They were never intended to be the only support in old age, merely part of a “three legged stool” in association with personal saving and...
Key Findings Under current law, the Social Security Retirement Trust Fund is projected to run out by 2034, requiring benefits to be cut by more than 20 percent. The Social Security Trust Fund’s shortfall is driven partly by the formula...
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