Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the ...
As party figures dive into two days of non-binding policy debate and internal matters on the Gold Coast, one major resolution ...
“The tariffs are a big tax increase,” the report states simply. According to UBS, the current tariff policies imply a weighted-average tariff rate of 13.6%, based on 2024 import shares, a fivefold ...
Mosey, the leading state compliance platform, today announced the release of its newest offering, Tax Account Management, a comprehensive solution that centralizes oversight of all 1,200+ state and ...
Payroll and HR go beyond just issuing paychecks. As an employer, you need to track hours, calculate deductions, file taxes, ...
The Social Security Administration (SSA) has announced that the maximum amount of income subject to Social Security payroll ...
The Social Security maximum taxable earnings will be $184,500 in 2026, up from $176,100 in 2025. That number, also called the ...
AI-driven changes in work threaten employment taxes, vital for funding social security programs and comprising a significant ...
Amazon is laying off 2,303 Washington-based employees, with 1,887 in Seattle alone. It's a move projected to deal a multimillion-dollar blow to the city’s tax revenues.
Scranton City Council unanimously introduced a proposed $115.5 million city budget for 2026 that would not raise taxes and ...
In "The Second Estate," Boston College law professor Ray Madoff argues that America’s tax code has birthed a modern ...
Money Digest on MSN
Why FICA Taxes Are Taken Out Of Your Paycheck
FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to ...
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