Word: wages
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...family has $60,000 in wage income. Of that, $3,720 is deducted from its paychecks for Social Security taxes, and an additional $870 is taken out for the Medicare tax. That's $4,590 that the family never sees. Nevertheless that money is taxed as personal income, as if the family received it. What it amounts to is a tax upon...
...contrast, TIME estimates that 100 million wage earners would profit from elimination of the double tax on Social Security and Medicare. And some 90% of those people take home less than $100,000 a year. People like Michael Kasprzak and Betty Williams of Seattle...
...past 25 years, Social Security and Medicare taxes paid by a median-income family have spiraled 333%, from $937 to $4,055. That pace was 1 1/2 times as fast as the growth in median family income and three times as fast as the increase in the minimum wage...
...lobbying against a proposal from the International Accounting Standards Board that would count stock options as expenses. As corporate scandals mounted last year, the idea got high-profile support from investors like Warren Buffett. But Berkeley's attack - he also slams accountants, "the shareholder's rights crowd" and media "wage slaves" for supporting the change - is part of a renewed push to keep the U.S. from adopting the IASB's stricter standards. "I'm very bemused by a guy who's running a stock exchange lashing out like this at his own customers," says IASB director of technical activities Kevin...
...important way that we should all show our opposition to slavery is by making this issue a matter of public discourse. Harvard students have a history of fostering dialogue on issues of social justice—we need only recall the galvanization of the Harvard community during the Living Wage Campaign of two years ago, or more recent demonstrations about the possible war with Iraq, to be reassured that Harvard students are not apathetic to societal debates. The first step towards progress is dialogue, so let’s start talking about slavery—in the present tense instead...