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  2. Medicare and Social Security funding: FICA taxes and trust ...

    www.aol.com/finance/medicare-social-security...

    Payroll taxes are the main source of funding for both Medicare and Social Security. ... ($168,600 in 2024). This cap means that high-income earners don’t pay Social Security tax on any income ...

  3. Postal Accountability and Enhancement Act - Wikipedia

    en.wikipedia.org/wiki/Postal_Accountability_and...

    Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]

  4. Social Security is constantly evolving in terms of the amount of money recipients get and what they qualify for, but it hasn't undergone many major structural changes since the first check was ...

  5. Medicare premiums rise for 2025, nicking retirees' Social ...

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    The Centers for Medicare and Medicaid Services (CMS) announced that 2025 monthly Part B premiums will climb to $185, an increase of $10.30 from $174.70 in 2024.

  6. Postal Service Reform Act of 2022 - Wikipedia

    en.wikipedia.org/wiki/Postal_Service_Reform_Act...

    The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail. [3]

  7. Why retirees may pay 'significant increases' in 2024 Medicare ...

    www.aol.com/finance/why-retirees-may-pay...

    Rising Medicare Part D premiums come as retirees receive a much smaller Social Security cost-of-living adjustment in 2024 — 3.2% compared to the 8.7% increase in benefits they received in 2023.

  8. Seniors will pay more for Medicare in 2025. Here's what to know.

    www.aol.com/seniors-pay-more-medicare-2025...

    Seniors with incomes in excess of $394,000 will pay $443.90 in IRMAA and the standard $185.00, or a total of $628.90 a month.How does that impact Social Security benefit payments? Medicare ...

  9. One idea that has long been championed by the left is removing the taxable income cap so that higher earners pay more. As of 2024, the 12.4% Social Security tax, which is paid equally (6.2% each ...

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