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In the primaries, he ran an attack ad on his GOP challenger, Nikki Haley, focusing on her plan to raise the Social Security retirement age as a way to reduce expenses.
President Joe Biden’s 2022 budget proposal raises the top income tax rate up to 39.6%. Taxpayers with an adjusted gross income over $1 million will also have to pay this rate on long-term ...
Under Biden’s proposal, Musk’s tax bill would have totaled $3 billion for 2018 through 2022 — nearly seven times higher than what he paid. The 25 wealthiest Americans paid $13.6 billion in ...
Electric Vehicles. If you make under $150,000 or have a combined family income under $300,000, you can get a $7,500 tax credit for qualifying new electric vehicles. For used electric cars, a ...
For 2023, the IRA contribution limit rises modestly, to $6,500 from 2022’s $6,000. Savers 50 or older can kick in an additional $1,000 per year, raising the annual limit to $7,500. Workers ...
Once he takes over as president, Joe Biden will begin rolling out a number of measures that will impact retirement. “Current tax benefits for retirement savings provide upper-income families ...
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Loaded 0%. Nestled inside the $1.7 trillion government spending bill, which has passed Congress and is headed to President Biden's desk for a signature, is a suite of significant reforms to the ...