Social Security tax hike takes effect January 1
The 1981 Social Security changes raise workers tax to 6.65 percent with a higher earnings base to 29,700. The maximum individual tax climbs to 1,975 and benefits ceilings rise to 5,500 for age 65 to 71, 4,080 under 65, with no ceiling for 72 plus. Retirement payments top 660 monthly. total 1981 Social Security outlays exceed 135 billion.
MENTIONED IN THIS ARTICLE
R. Gregory Nokes
Associated Press
Washington
Congress
Carter
Frightened by economic truth? AAP Business Analysis
AP Business Analyst John Cunniff assesses a brutal economy with double digit inflation and high interest rates. Auto and airline losses, rising wages, taxes, and a trillion dollar debt define a fragile outlook. The piece questions whether declaring an economic emergency would calm or frighten the public.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
State Tax Appeals board member reappointed in Topeka
Rex R. Borgen of Beloit was reappointed to the Kansas State Board of Tax Appeals for a four year term. The 69 year old Republican previously served in the Kansas House from 1958 to 1972 and on Mitchell County Commission 1935 to 1958. Salary for the post is $31,500.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Rex R. Borgen
Beloit
State Board of Tax Appeals
John Carlin
Bergen
Kansas House of Representatives
Mitchell County Commission
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Anita Valdez
Ulysses Sherri A. Weilert
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Richard A. Wilson
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Robert A. Faurot
Jimmy Guerra
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Charles Kaiser
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Mabel C. Snook
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Malcolm Sterling
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David M. Stockton
Andrew Strasser
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Wells-Robinson Discount Furniture
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