Small Business Tax Strategies

Smart small business owners save thousands of dollars per year on their personal and business taxes by taking advantage of the legal loopholes that the government creates for their unique tax situation. Small Business Tax Strategies cuts through tedious tax code to reveal the bonanza of completely legal opportunities to grow personal wealth and secure an enjoyable retirement.  Learn more about Small Business Tax Strategies and the two free reports you’ll get when you subscribe...

At least there’s a silver lining in the recession: For the first time in more than three decades, the Social Security wage base isn’t expected to increase next year. The actuaries at the Social Security Administration (SSA) are predicting that the wage base will remain at $106,800 for 2010 and even beyond into 2011.

The Social Security tax rate will also continue to be 7.65% on amounts up to the wage base and 1.45% for amounts above that (15.3% and 2.9%, respectively, for self-employed individuals).

But now the bad news: The SSA says that Social Security recipients will not see an increase in benefits next year either. It’s status quo all the way around.