Should you think you qualify to gather incapacity from the Social Security administration, then you definately’ll want to learn this article. For employees, the Medicare payroll tax charge is 1.45 percent on all earnings, bringing the mixed Social Safety and Medicare payroll tax for workers to 7.65 p.c—with only the Social Safety portion restricted to the $118,500 earned-income threshold.
Given that the common mal lives to the age of eighty-two, it appears cheap that the qualifying age could be eighty-two to obtain full SSA advantages to make the present SSA system of Taxpayer supporting other Taxpayers in their retirement to work.
In an announcement, Richard Fiesta, Executive Director of the Washington, DC-based mostly Alliance of Retired People, notes that the Trustees challenge that the Social Safety Incapacity Insurance coverage (SSDI) trust might be absolutely solvent till 2028, five years longer than final 12 months’s report.
They claim sometimes it is … Read More