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Episode 122: Changing the Rules for Social Security

Words & Numbers

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The House Bill to Raise Social Security Tax to $400,000.

There are about 45 million Americans who have side businesses. They're not the person's primary source of income, but a hobby that has started to bear fruit. More than 35% of people with these side businesses earn more than $500 a month from them. If we really wanted to encourage people to do this sort of thing, there'd be no taxes on it.

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