Editor: Mary Van Leuven The U.S. government imposes federal excise taxes that can affect a surprising variety of companies.

The bulk of the estimated reductions in health spending come from Medicaid, which will lose more than $1 trillion. Of the ...

Today, Social Security’s trust funds have a combined reserve of $2.7 trillion, and spending has exceeded revenue since 2021.

The shift away from group health plans is natural in many markets, and Congress should pass the 'One Big Beautiful Bill' to empower that transition.

Some supporters of Social Security privatization suggest allowing workers to invest a portion of their current contributions in private accounts.

FICA taxes are used to fund Social Security and Medicare. For most people, FICA taxes are 7.65%, which their employer matches. What Is the Federal Insurance Contributions Act (FICA)? | The Motley Fool ...

The U.S. House Energy and Commerce Committee advanced its portion of the fiscal year 2025 reconciliation bill, which includes the consideration of significant Medicaid cuts.

The U.S. Senate passed the "No Tax on Tips Act" on May 20, a bill introduced by Sen. Ted Cruz of Texas that would create a tax deduction on tips worth up to $25,000.. The bill, which passed with ...

The article noted that even if tipped workers don't have any federal income tax liability, they still pay federal payroll taxes such as Federal Insurance Contributions Act taxes, or FICA, which ...

The article noted that even if tipped workers don't have any federal income tax liability, they still pay federal payroll taxes such as Federal Insurance Contributions Act taxes, or FICA, which ...

Republicans plan work requirement for Medicaid – but hold off on slashing federal contributions. Congressional Budget Office estimates that 13.7 million people could lose their health care ...

The FICA tax (short for Federal Insurance Contributions Act) is a deduction from your paycheck that's used to pay for Social Security and Medicare. The 2024 FICA tax rate means 7.65% comes out of your ...