Just as there's a cap to how much earned income can be exposed to the payroll tax, Social Security also limits how much retired workers can collect at full retirement age ($4,018 per month in 2025).

(In 1983, the top income subject to the payroll tax, referred to as the Social Security Wage Base, was $35,700 for individuals; in 2000, it was $76,200; it’s set at $160,200 in 2023.) ...

One needs a threshold of income inequality—it must be greater than a certain magnitude before the relationship is observed. For relatively equal nations, the health effects aren’t apparent.

With a long-running pandemic still raging, more than 600 restaurants closed and emergency food lines growing for unemployed workers at Rentschler Field in East Hartford, some state officials are sc… ...

The new restriction on food stamps is estimated to save the federal government about $5 billion over five years — ah yes, the spoils of war on the poor. Originally Published: December 6, 2019 at ...

Social Security may run out of funds for full payments earlier. Here's how it impacts benefits. Social Security is facing a growing number of challenges that threaten to undermine the retirement ...

Brad Hershbein, Melissa S. Kearney, Luke W. Pardue, College Attainment, Income Inequality, and Economic Security, AEA Papers and Proceedings, Vol. 110, PAPERS AND PROCEEDINGS OF THE One Hundred Thirty ...

The rich get richer, to Social Security's detriment The reason Social Security can't go bankrupt or become insolvent is its primary source of funding: the 12.4% payroll tax on earned income.