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Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
The projected 2025 COLA for Social Security is 2.5%, according to an emailed September 11 TSCL press release, resulting in another drop. That percentage is likely to change, but the concern is ...
The consumer price index released on February 12 showed a monthly increase of 0.5% in the prices average Americans pay for goods and services, up from 0.4% in December. High food, fuel and shelter ...
Senate salaries House of Representatives salaries. This chart shows historical information on the salaries that members of the United States Congress have been paid. [1] The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2]
Note that although self-employed individuals pay 12.4%, this is mitigated two ways. First, half of the amount of the tax is reduced from salary before figuring the tax (you don't pay Social Security tax on the tax your employer pays for you.) Second, the "employer" half is an adjustment to income on the front page of Form 1040.
However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon. In addition to across-the-board pay raises for all military personnel, mid-year, targeted pay raises (targeted ...
The consumer price index released on February 12 showed a monthly increase of 0.5% in the prices average Americans pay for goods and services, up from 0.4% in December. High food, fuel and shelter ...
• proposes a 3.5% pay raise for military personnel • proposes privatizing 90,000 military housing units by the end of 2005 • proposes a 20% increase for the Transportation Security Administration • proposes a 9% increase for the Coast Guard • proposes doubling the level of first responder preparedness grants targeted to high-threat areas