Blog
-
In December Congress passed, and President Biden signed, the Social Security Fairness Act, which will raise Social Security benefits for nearly 3 million Americans. The new law repeals the Windfall Elimination Provision Offset and the Government Pension Offset. These 2 laws coordinated and offset Social Security benefits for recipients of government pensions for federal, state…
a week+ ago -
We already knew Social Security benefits were rising 2.5% due to the Cost of Living Adjustment (COLA). We now know Medicare premiums will increase, as well, cutting into the increase for most recipients. Centers for Medicare and Medicaid Services (CMS) has announced the part B premium for most recipients will increase by $10.30 from $174.70…
a month+ ago
News
-
Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
3+ years ago -
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
5+ years ago
DOES THE SOCIAL SECURITY SYSTEM DISCRIMINATE AGAINST PEOPLE OF COLOR?
A popular conception is that Social Security benefits redistribute wealth from the better off members of society to those less well off. Indeed, Tea Party members call Social Security a socialist concept.
The Urban Institute issued a report recently contesting this assumption and asserting that the Social Security system actually redistributes money from the poor to the wealthy, which inevitably means from African-Americans , Latinos and other minorities to white Americans. Michigan has significant numbers of many of these groups, including African-Americans, Latinos and Arab-Americans.
The reasoning goes as follows.
White Americans live longer and have fewer offspring. So the SS payroll taxes paid by poorer Americans subsidize the fewer and wealthier members of society, since there are more paying, less drawing and the wealthy (white) Americans live longer, including those here in Michigan.
I addition, the payroll taxes paid to support Social Security apply only to the first $113,700 this year. So those earning more than that stop paying on the marginal income above that amount.
Interesting eh?
| < previous SWINE FLU OUTBREAK SIMILAR TO 2009 IN MICHIGAN | next > OBAMACARE UPDATE |
Call today if you have questions about the Michigan Social Security Disability Attorney and Lawyer Services provided by William Crawforth.
To schedule an appointment call 800-864-1244 or fill out the contact form at the top of this page.
