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…taxed at 36% [in Gates’ bracket]. Suppose Gates has equal amounts of income in a year from capital gains and from regular income. If he donates all his regular income

SOCIAL SECURITY: IT’S JUST MATH

…today. Divide $1212.8 Billion by 78 million and you get $15,549 per beneficiary. Table VI.F2 says this is 15.67% of “taxable income. The same line gives the SS income rate…

Housing Update

…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label