Browsing the archives for the Social Security tag.

Christmas Bonuses for the Successful Courtesy of Social Security

Economy, US Economy, US Politics

CEO’s see the benefit so early they never even notice it.  For the very successful, the key date may have been in May or June.  But for most very successful Americans, when the cool weather rolls in and the Christmas music starts, they have another reason to celebrate: their pay increases.  Their employers haven’t decided to be extra generous in November or December, but their pay will step up by over 6% for a few weeks or months.  The more you make, the longer your pay increases.  Why does this happen?  They exceed the Federal Insurance Corporation of America (Social Security) tax threshold.

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