Blog
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It looks like the new Social Security Commissioner, Martin O’Malley, is really taking charge. A number of changes have been implemented in the several weeks Commissioner O’Malley has been on the job. Among the most meaningful is decreasing the default overpayment withholding rate to 10% (or $10, whichever is greater) from 100%. This will significantly…
2+ weeks ago -
Social Security uses what is called the “fee agreement process” to pay representatives who help Claimants. For those signing an appropriate fee agreement Social Security will approve the agreement and pay the representative up to 25% of a retroactive fee. Since November 2022 that retroactive fee could not exceed $7,200. Sometime this fall the cap…
3+ weeks ago
News
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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…
2+ 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…
4+ 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?
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