SunStar
+ March 05, 2021 THE Social Security System (SSS) adds more services to its online services portfolio as it steps up efforts to digitalize member and employer transactions.
SSS President and Chief Executive Officer Aurora C. Ignacio said the initiative aims to address the need to bring SSS services within reach of its members, pensioners, covered employers, and the public in view of social distancing and health requirements imposed by the government to stop the spread of the Covid-19.
“For the past years, we have been gradually shifting our stakeholders’ way of transacting with us from face-to-face to online. The pandemic motivated us further to fast track our digital transformation initiatives, not only to provide our stakeholders with faster, more convenient, and more efficient means of transacting with us but also to ensure their safety,” Ignacio said.
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technically five brackets. the high earners, 39.6% will stay in place as of now. standard deduction goes to $12,000. and married couples goes to $24,000. expands the tax credit for parents. credit of $300 for each child and non-child dependent. the mortgage home interest deduction will be maintained for new homes up to $500,000. people will be able to write-off the cost of state and local property deductions up to $10,000 and this will be a controversial item. we ll see where that goes. you can still maintain your savings option, the 401(k), that s a big deal. amt, alternative minimum tax is repealed. the death tax are repealed after six years. some details now bleeding out, as we say, on the republican
folks. instead, we were going to say, if you were going to get some assistance from the government you had to put forward a desire initiative to get back to work. that s the premise behind one of these. this is the biggest savings option on the youcut menu this week. which is almost $2.5 billion a year. let me jump in here, representative cantor because i want to get in here and i ve been reading about this. some of the critics say it is a gimmi gimmick, a distraction from what we should be doing, which is to address the biggest budget the biggest debt problem we ve had, medicare and social security. what do you say to that? first, i would say, if you look, don, at the number, the totally of savings that are being proposed, either options, there s almost $15 billion of savings right here. if it s such a gimmick and if it s so easy for the other party to criticize, then let them come ahead and vote with us or let them bring a bill to the floor