3 chapters across the catalog
Social Security Tax Rules, Trump Policy Proposal
The hosts discuss the complexities of Social Security benefits, specifically how earning over a certain threshold can lead to a 50% tax on benefits. They examine Donald Trump's campaign promise to eliminate taxes on Social Security, noting that such a change would require Congressional approval.
House Resolution 3765 and Payroll Tax Holiday Analysis
Adam Curry analyzes House Resolution 3765, the two-month extension of the payroll tax holiday through February 29, 2012. He argues the bill effectively creates a hidden tax increase for those earning over $110,000 by capping the 2% Social Security tax break at the first $18,350 of income. The discussion disputes media claims regarding the number of Americans who will actually benefit from the legislation.
Mayor Bloomberg and New York City Fiscal Crisis
New York City Mayor Michael Bloomberg is criticized for seeking a term-limit extension while simultaneously proposing significant income tax hikes to address the city's bankruptcy. The city's financial distress is attributed to mismanagement of pension plans and overspending during Bloomberg's previous two terms. New York remains one of the few U.S. cities with a high local income tax.
