Tag Archive: income

May 29 2012

Social Security’s dual-income trap

Families with two breadwinners can end up paying more than twice as much in Social Security taxes as families with just one income. By Salvatore Babones U.S. workers have paid a reduced Social Security tax rate of 4.2 percent for the past year and a half, down from the ordinary rate of 6.2 percent. For …

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Permanent link to this article: http://www.easttexasreview.com/social-securitys-dual-income-trap/

May 28 2012

Law is lucrative

Scales of Justice

By Jimmy Isaac In an area where per capita income lags behind most other cities, Longview attorneys are among the highest paid in the nation, a new report shows. The Longview metropolitan statistical area’s 180 lawyers made an average of $153,870 in 2011, according to the U.S. Bureau of Labor Statistics. The Longview area ranked …

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Permanent link to this article: http://www.easttexasreview.com/law-is-lucrative/

Apr 24 2012

Projected Trust Fund Exhaustion

By Phyllis Dillis The Social Security Board of Trustees today released its annual report on the financial health of the Social Security Trust Funds.  The combined assets of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2033, three years sooner than projected last year.  The DI Trust Fund …

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Permanent link to this article: http://www.easttexasreview.com/projected-trust-fund-exhaustion/

Apr 10 2012

Knowing which financial records to save, toss

By Jason Alderman If the memory of hours spent hunting for and organizing paperwork to file your taxes is still fresh, think about doing some financial spring cleaning so next year’s tax preparation won’t be such an ordeal. Many people hold onto mounds of receipts and account statements because they’re not sure when it’s safe …

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Permanent link to this article: http://www.easttexasreview.com/knowing-which-financial-records-to-save-toss/

Apr 10 2012

Rich freeloaders

It’s time for wealthy people like me to become more responsible and pay our fair share of taxes. By Betsy Malcolm Like too many Americans, I’m unemployed. But in my case, the reason isn’t that I can’t find work — it’s that I don’t need it. I’m among the lucky few who can live comfortably …

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Permanent link to this article: http://www.easttexasreview.com/rich-freeloaders/

Jul 07 2011

Annuities 101

By Jason Alderman Nervous investors have faced many challenges over the last few years searching for safe havens. That’s one reason many turn to annuities to ensure a steady stream of retirement income. But with so many types of annuities offered – and complex rules, fees and restrictions – it’s not uncommon for investors to …

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Permanent link to this article: http://www.easttexasreview.com/annuities-101/

Jan 05 2011

Good records makes tax time easier

Tax filing season is only a few weeks away, and the Internal Revenue Service encourages taxpayers to take the time beforehand to gather and organize their tax records to reduce stress. “You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year,” said IRS spokesman Clay Sanford.  …

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Permanent link to this article: http://www.easttexasreview.com/good-records-makes-tax-time-easier/

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