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2. Social Security Cuts vs. Proposed Tax Increases - AOL

   www.aol.com/social-security-cuts-vs-proposed...

   Without benefit cuts, the SSA would need to increase taxes by 25%. Increasing the payroll tax to 7.75% (up from its current 6.2%) for workers and employers would eliminate the shortfall, according ...

3. Some retirement experts oppose nixing tax incentives - AOL

   www.aol.com/finance/talk-robbing-peter-pay-paul...

   The brief points to Treasury estimates that the tax preference for employer-sponsored retirement plans and IRAs reduced federal income taxes by about $185 billion in 2020 — equivalent to about 0 ...

4. Here are the biggest retirement changes coming in 2023 - AOL

   www.aol.com/finance/biggest-retirement-changes...

   In total, workers who are 50 and older can contribute up to $30,000 starting in 2023. The annual contribution limit for IRAs next year also increased to $6,500 from $6,000 — an increase of 8.3% ...

5. SECURE Act - Wikipedia

   en.wikipedia.org/wiki/SECURE_Act

   Signed into law by President Donald Trump on December 20, 2019. The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, Pub. L. 116–94 (text) (PDF), was signed into law by President Donald Trump on December 20, 2019 as part of the Further Consolidated Appropriations Act, 2020 ( 2020 United States federal budget ). [1]

6. Social Security debate in the United States - Wikipedia

   en.wikipedia.org/wiki/Social_Security_debate_in...

   President Barack Obama opposed privatization (i.e., diverting payroll taxes or equivalent savings to private accounts) or raising the retirement age, but supported raising the annual maximum amount of compensation that is subject to the Social Security payroll tax ($137,700 in 20) to help fund the program.

7. Economic Growth and Tax Relief Reconciliation Act of 2001

   en.wikipedia.org/wiki/Economic_Growth_and_Tax...

   An act to provide for reconciliation pursuant to section 104 of the concurrent resolution on the budget for fiscal year 2002. The Economic Growth and Tax Relief Reconciliation Act of 2001 was a major piece of tax legislation passed by the 107th United States Congress and signed by President George W. Bush. It is also known by its abbreviation ...

8. Social Security Tax Cut: New Proposal Could Save ... - AOL

   www.aol.com/social-security-tax-cut-proposal...

   A few days later, Ricketts told a group of seniors, state senators and other stakeholders that his bill would cut the federal tax on Social Security benefits by 20% over two years. “This would ...

9. 8 Reasons Your Taxes May Increase Dramatically Under the ...

   www.aol.com/finance/8-reasons-taxes-may-increase...

   Changing Tax Brackets. One of the Biden administration’s main tax changes is to restore the top tax bracket to the level it was before the Tax Cuts and Jobs Act was enacted in 2018. Specifically ...