by Mike ‘Mish’ Shedlock
The tax man has his eyes on you. He always does. And if your wages exceed $118,500 then the tax man will collect.
Wages subject to Social Security jump 7.3% in 2017, to $127,200. That’s the largest single-year jump since 1983.
About 12 million will be affected. Are you one of them?
[…] The Wall Street Journal reports Social Security Taxes to Rise for Higher-Income Americans.