FILE - In this Feb. 3, 2012, file photo Republican presidential candidate, former House Speaker Newt Gingrich campaigns in Las Vegas. Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions. Tax reform does sound like a good idea to lots of people, but where to start? Eliminate the deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax? Not likely. In fact, none of the major tax overhaul proposals now on the table seems likely to be enacted given the current political situation in Washington and the country.
FILE - In this Feb. 3, 2012, file photo Republican presidential candidate, former House Speaker Newt Gingrich campaigns in Las Vegas. Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions. Tax reform does sound like a good idea to lots of people, but where to start? Eliminate the deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax? Not likely. In fact, none of the major tax overhaul proposals now on the table seems likely to be enacted given the current political situation in Washington and the country.
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FILE - In this Feb. 2, 2012 file photo, President Barack Obama speaks in Washington. Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions. Tax reform does sound like a good idea to lots of people, but where to start? Eliminate the deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax? Not likely. In fact, none of the major tax overhaul proposals now on the table seems likely to be enacted given the current political situation in Washington and the country.
FILE - In this Feb. 2, 2012 file photo, President Barack Obama speaks in Washington. Politicians of all stripes in this election year are clamoring for simplifying the tax code and closing loopholes. But that would mean Americans could lose some of their prized deductions. Tax reform does sound like a good idea to lots of people, but where to start? Eliminate the deduction for home mortgages? End the write-off for charitable contributions? How about expanding the Social Security payroll tax? Not likely. In fact, none of the major tax overhaul proposals now on the table seems likely to be enacted given the current political situation in Washington and the country.
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Social Security Related Topics
Social Security Wikipedia Information
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House GOP rejects payroll tax deal
December 18, 2011
| AppealDemocrat
WASHINGTON -- The fate of the two-month Social Security tax break extension suddenly became uncertain Sunday as House Speaker John Boehner said he and most Republicans were...
How much you'll pay for Medicare in 2012
December 04, 2011
| AppealDemocrat
Dear Savvy Senior: I know we will be getting a slight increase in our Social Security checks next year, but what about our Medicare costs? What will the Medicare premiums and...
Bills on lawmakers' pay and pensions need support
February 09, 2012
| DesMoinesRegister.com
Considering their generous IPERS pensions that will supplement their Social Security and other savings, they are on track to do pretty well in retirement, too. ...
Hogs Haven Mock Draft 2. 0
February 08, 2012
| Hogs Haven
Champ Bailey and Andre' Goodman could both file for Social Security this year. Jenkins comes in and can play right away in place of Goodman, and possibly get a year of tutelage...
Your 2 Cents' Worth: Wednesday, Feb. 8, 2012
February 08, 2012
| DesMoinesRegister.com
-- Deja vu 50315 The government has borrowed $2.6 trillion from the Social Security trust fund for wars and big tax cuts for the rich. Social Security is not the problem. --...
Your 2 Cents' Worth: Tuesday, February 7, 2012
February 07, 2012
| DesMoinesRegister.com
-- 51249 taxpayer To 50324: You are spot-on about taking the Social Security money out of the general fund and putting it in a fund all by itself. That is how it was first set...
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Social Security on twitter
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