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Most Americans contribute 6.2% of every paycheck to Social Security, but due to the taxable maximum earnings cap, wealthy individuals earning more than 8,500 pay nothing above that amount. Do you support increasing or eliminating the maximum taxable earnings limit to make the program more solvent?.Will higher-income workers pay their fair share of taxes to Social Security?.Learn if there's an older, less expensive drug that you can try first. If you have a copy of your drug plan's formulary you may want to take that with you to the doctor's office to assist with checking an alternate medication, and what you will pay out-of-pocket..Keep in mind that this is not a comprehensive list or tax advice, but provided to give you an idea of the steps you need to take to learn how to reduce your tax bill. TSCL strongly recommends that you get help preparing your taxes from a tax professional who can explain your options and get you every tax break to which you're entitled to.."It's about time," states Johnson. At the time of passage of the Affordable Care Act, this tax was widely referred to as a "Medicare" tax in the media, by tax and investment professionals, and, many lawmakers sold it to the public that way. "Now those revenues are needed by the Medicare Part A Hospital Insurance Trust Fund," says Johnson. Part A is three years from insolvency and faces an estimated funding gap of more than 5 billion over the next ten years..The far greater worry, however, is a sharp increase in almost every source of quality protein - including meat, poultry, and even canned tuna. "With many meat price increases in the double digits, we are highly concerned that older households may not be getting adequate supplies of protein in their diets," Johnson says. "This was a nationwide problem prior to the pandemic, and the problem has been exacerbated by shortages and disruptions during the pandemic," she points out..Much of Wednesday's hearing was focused on the repeal of the ACA. Several lawmakers in the majority party including Committee Chairman Lamar Alexander called for the establishment of a solid ACA replacement plan. He said: "The American people deserve health care reform that's done the right way, for the right reasons, in the right amount of time. It's not about developing a quick fix, it's about working toward long-term solutions that work for everyone." Congressman Price seemed to agree, and he expressed his support for a health system that ensures health insurance access but not a guarantee of coverage for all..Over the past year, some of the most difficult emails that TSCL received came from those of you who describe wrenching situations caused in large part by high healthcare costs and emergency needs that arose during the COVID-19 pandemic and the weather-related disasters of 2020. That has sometimes included taking in adult children and your grandchildren, and often providing financial assistance from your own savings..Effective since 1977, the GPO prohibits retired spouses, widows, and widowers from receiving the full benefits based on his or her spouse's employment. The WEP was passed in 1983 and reduces the benefit of a retired or disabled worker who also receives a federal, state or local government annuity based on his or her earnings by up to 60 percent.