#payroll-tax

#payroll-tax

This new bill... would cost $110 billion in federal revenues over 10 years, according to estimates by the center-right Peter G. Peterson Foundation.

From July 1, non-government schools with an income higher than $15,000 per student will be subjected to payroll tax, a move that taxes elite private schools heavily.

Although millions of older Americans rely on Social Security to make ends meet, the program is filled with gaps and flaws that make it far from perfect.