Inflation has a devastating impact on seniors in the US. Checks for Social Security retirement benefits are frequently insufficient.
Additionally, it appears that economic resources are running out, which means that Social Security may soon be unable to cover all full retirements.
This might be the case, but a new law proposal would entirely alter this.
Not only would benefits not be cut under this new law. The amount of money available to compensate them would also increase under this new bill.
And it's all done in a way that is both rational and convenient for seniors who are receiving Social Security benefits.
Due to the fact that many retirees who receive Social Security benefits have no alternative means of support, this bill is quite intriguing.
In the US, taxes have an upper limit every year. The salary cap applies to anyone making up to $147,000 annually.
The tax is the same amount. This implies that someone making $2 million annually will pay the same amount in taxes as someone making the same amount.