With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.
Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009, the government announced Wednesday.
The Social Security Administration made $6.5 billion in overpayments in 2009, including $4 billion under a supplemental income program for the very poor.
Congress is putting off changes to Social Security, but the massive retirement and disability program still faces long-term financial problems from an aging population and an economy that has been slow to rebound.
The government is projecting a slight cost-of-living adjustment for Social Security benefits next year, the first increase since 2009. But for most beneficiaries, rising Medicare premiums threaten to wipe out any increase in payments, leaving them without a raise for a third straight year.