President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know

Title: President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know

Article Snip: "As recently as Feb. 18, Trump promised not to cut benefits. ...subject to income taxes on Social Security. The rule is based on combined income, which the Internal Revenue Service defines as half of a retiree's Social Security benefits plus other income from sources such as pensions, wages, dividends, and capital gains.

Single filers can see as much as half of their Social Security benefits taxed if they make between $25,000 and..."

Reference: finance.yahoo.com

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How a Decades Old Loophole Lets Billionaires Avoid Medicare Taxes

Title: How a Decades Old Loophole Lets Billionaires Avoid Medicare Taxes

Article Snip: "Most working Americans have to pay Medicare taxes, but some of the richest figures on Wall Street have found a way to opt out, a ProPublica investigation found. ...It’s so automatic for many workers that they may not even realize it takes a bite out of every paycheck. In theory, everyone is required to contribute to the country’s health insurance program for seniors, no matter how poor or rich, from cashiers to CEOs. Not on Wall Street. There, some of the most powerful people in finance found a way to opt out. The trove of tax records...these maneuvers by the rich hasten Medicare’s future crisis."

Reference: www.propublica.org
Wealthy vs. Working Class, Medicare Taxes for You But Not The Wealthy, Loopholes for the Wealthy But Not You, Destruction of the Social Security Retiree,

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