The Consumer Price Index (CPI) rose 1.7% for the government's fiscal year ending September 30, resulting in a slight increase in Social Security benefits, as well as the taxes to pay for them. Doctors pay 6.2% of their salary into the Social Security system until their earnings exceed the taxable wage base, which increases from $117,000 in 2014 to $118,500 in 2015.
Meanwhile, the cost of living adjustment will increase average monthly Social Security benefits for retired workers from $1,306 a month to…
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