Which is why what you pay in FICA taxes does not determine the lifetime benefits you receive. FICA — The Tax Law Federal Insurance Contributions
Tag: COLA
Social Security versus Congressional pay raise wrapped in stupidity.
A 5% raise in Congress’s annual payroll of $93.3 million would add $1.32 to each beneficiary’s Social Security check. 🤔
The great COLA debate-maybe not the expected solution.
Prioritize financial discipline and strategic spending to supplement Social Security, especially as Medicare premiums and inflation trends evolve.
