Mechanism of Social Security Tax Sharing Explained
A fragmented explainer describes how employers, workers, and domestic help interact with a 2 percent employer tax and a 1.5 percent employee deduction. It uses examples of Mary Jones and various quarters to show how payroll deductions and tax credits may apply, including potential refunds.
Senate House strike price control plan advances to president
Washington reports a bipartisan compromise on inflation law allowing Truman to impose price controls with discretion. If a material faces a price ceiling, wage controls may be required. Conference chairman Maybank predicts quick ironing out of minor differences and swift passage for a presidential signature. The piece also covers tax changes, social security expansion to nonprofit employees, and state local government pension implications.
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Prescott News Roundup of Local Visits and Social Notes
A neighborhood column reports weekend plans in Little Rock and Prescott visitors. Families and clubs celebrate birthdays, school events, and picnics at Mary Buchanan and First Baptist Church premises. Residents such as Gail Babbe and Barbara Horne are highlighted among related gatherings and travels to Dallas, Wynne, and San Francisco.
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Barbara Horne
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