For example, assume that Ken currently has $10,000 in annual Social Security benefits, with 85 percent of those benefits taxed at a marginal rate of 15 percent. The tax bill on his Social Security benefits is $1,275 (= $10,000Ã0.85Ã0.15).
Friedrich August von Hayek CH (8 May 1899 - 23 March 1992) was an Austrian, later British, economist and philosopher most famous for his defense of classical liberalism.
Haym Salomon was a Polish-born American Jewish businessman and political financial broker who immigrated to New York City from Poland during the period of the American Revolution. He helped convert the French loans into ready cash by selling bills of exchange for Robert Morris, the Superintendent of Finance. In this way he aided the Continental Army and was possibly, along with Morris, the prime financier of the American side during the American Revolutionary War against Great Britain.