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.
For the Egyptian god, see Horus. Quintus Horatius Flaccus (December 8, 65 BC â November 27, 8 BC), known in the English-speaking world as Horace (/ËhÉrÉs/ or /ËhÉËrÉs/), was the leading Roman lyric poet during the time of Augustus (also known as Octavian).