Can taxing pimps and prostitutes save Social Security?

Regardless of the overall health of the economy, people who lose their jobs in their early 60s tend to file early for social Security to replace their lost income. I don’t read that as good news. Imagine how much worse the retirement crisis would have been if people had invested their Social Security money in the stock market during the recent financial downturn. “You wouldn’t even be talking about it. This wasn’t a subject that was on anybody’s mind until I brought it up at my announcement”.

Commentary by Laurence Kotlikoff, an economist at Boston University and co-author of Get What’s Yours – the Secrets to Maxing Out Your Social Security Benefits.

My weekly Social Security column appears on PBS NEWSHOUR’s website. Titles II, VII, VIII and IX apply specifically to Social Security, while Title XI gives Congress the authority to “alter, amend or repeal” any provision of this law.

“Social security is meant to be, to make sure that no one has worked hard and played by the rules and paid into the system grows old in poverty in America,” Christie said.

But if you work for an Italian (or other foreign) employer, then the 45-hour rule the consulate official told you about applies. If you go over the 45-hour monthly limit, you lose a check for that month.

As the 2016 election campaigns proceed, politicians will continue to distort Social Security to get votes. I have a 64-year-old Mexican-born wife who is getting spousal benefits on my record.

That’s nearly a year and a half of U.S. GDP. We have been married for 25 years.

In the Appleton area, and nationally, we look to the next 80 years with a commitment to serve Social Security customers throughout their lifetime, when and where they need us. Is this true?

The Social Security trustees, in their recent report, said the program “cannot sustain projected long-run program costs under currently scheduled financing” and lawmakers should act “sooner rather than later to address these structural shortfalls, so that the uncertainty now facing disability beneficiaries will not eventually be experienced by other programs’ participants”.

But it is a different story for your wife. (However, if they are not paying income taxes now, they might also under the new system collect their earnings without charging a sales tax.). This may sound a little convoluted, but they must withhold 30 percent of 85 percent of her benefits.

It would be unfair, Huckabee suggested, to reduce the benefits of people who paid payroll taxes throughout their careers.