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October | 2010 | My Money Track

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Archive | October, 2010

Income taxes on the rise

Warren Buffett has jumped on the income tax train in a huge way. In fact, the wealthiest Senior in the United States is appalled the he pays a lower income tax rate than his secretary! And appalled too is his secretary and we other lower earning but higher tax paying Americans. Believe it or not, […]

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Will You be Receiving a Check from Social Security?

Franklin Roosevelt signed the Federal Insurance Contribution Act (FICA) in 1935   Social Security is a social insurance, providing social protection or protection against socially recognized conditions, including poverty, old age, disability, unemployment, and others. This is funded through premiums or taxes paid by or on behalf of participants. Nine out of ten people, age […]

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