And the hits just keep on comin’…

BENEFICIARIES:  The Cost of Living Adjustment (“COLA”) of 0.3% means the average SS check will increase $4/mo.  Don’t blow it all in one place!

TAXPAYERS:  The Social Security wage base (or amount of earnings subject to the 6.2% tax) increases from $118,500 to $127,200.  Both employers AND employees are subject to the 6.2% tax.  The increase amounts to $539/yr.  Take that all you greedy millionaires and billionaires.  Pay your fair share!