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Today is the Day Millionaires Stop Contributing to Social Security for 2023

Today is the day most millionaires stop paying into Social Security for the rest of the year, while most of us will continue contributing FICA payroll taxes through the end of December.  The payroll tax cap for 2023 is $160,200 in annual wages.  As of today, people grossing $1,000,000 a year in wages have now exceeded the cap. 

Nikki Haley’s Call for Mental Competency Tests Proves that Ageism is Alive and Well

Upon kicking off her presidential campaign this week, Nikki Haley said politicians 75 years of age or older should be subject to mental competency tests. It was a cheap political shot at President Biden and her rival in the primaries, Donald Trump. But it was more than that. Haley’s statement is blatantly ageist. Of course, of all the -isms (racism, sexism, able-ism, classism, etc.), the targeting of older people remains one of the most socially acceptable – probably leading Haley to believe that her jab at senior politicians was safe. That doesn’t make it any less offensive.

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