The economic situation in the United States for millions of Americans is causing a lot of concern, particularly as gas prices continue to soar and the rise of inflation begins to have an effect on the cost of day-to-day necessities. However, both federal and state governments have looked to try and come to the aid of as many citizens as possible by introducing programs that try to offset the spiralling costs around us.
In our live blog on the latest American financial news and advice this Friday, April 1, we will have updates on all these stories and much more.
Amazon workers vote to form company’s first union
Amazon warehouse workers in Staten Island voted to form the company’s first union. With 2,600 workers voting yes for a union and 2,100 rejecting it, the vote is being hailed as one of the most significant pro-labor votes in a generation.
The union vote will likely ripple to other Amazon warehouses across the United States. Amazon Labor Union President Chris Smalls said, “This is a prime example of what the power that people have when they come together.”
Do you have to pay taxes on Social Security?
File a federal tax return as an “individual” and your combined income is:
-Between $25,000 and $34,000, you may have to pay income tax on up to 50% of your benefits.
-More than $34,000, up to 85% of your benefits may be taxable.
File a joint return, and you and your spouse have a combined income that is:
-Between $32,000 and $44,000, you may have to pay income tax on up to 50% of…
