Social Security payroll tax limit increases for 2025. Here's how that may affect you – CNBC
Hispanorism | E+ | Getty Images How social security tax is calculated The Social Security payroll tax rate is 12.4%, and workers pay 6.2% through payroll deductions. Employers pay the remaining 6.2%. In 2025, workers will pay 6.2% on earnings up to $176,100. Up to $10,918.20According to the Social Security Administration. Once an employee reaches […]
Chicago White Sox Plan To Slash Their Payroll In 2025 Which Could Lead To Even Darker Times: REPORT
Ahh…it’s a tough time on the South Side. Only time will tell if the 2024 Chicago White Sox will break their losing season record, but one thing is for sure: they are total garbage and their franchise is in shambles. In 2023, they ended the season with a terrible loss. 61-101 They broke records and […]
Dispute between father-son Boston Celtics owners over team’s massive payroll sparked sale: sources
The Boston Celtics' ballooning payroll has caused a rift within the family that owns the team, leading the elderly patriarch to ask his spendthrift son to sell the iconic franchise, The Washington Post has learned. Sources told The Post that Irving Grusbeck, a 90-year-old Massachusetts-born entrepreneur who owns about 20 percent of the team, was […]
Tampa Bay Times Offers Employees Severance Packages to Cut Payroll 20%
of Tampa Bay Times The deadline will force the company to cut employee salaries by 20% and the company’s CEO will offer severance packages to employees. About 100 reporters and 170 other staff at the 140-year-old newspaper have been notified by CEO Conan Galaty that they have until Aug. 16 to decide whether to accept […]
Prince William removes Queen Camilla’s sister Annabel Elliot from payroll after two decades
After Prince William inherited the title of Duke of Cornwall from his father, King Charles, he fired Annabel Elliott, the interior designer and sister of Queen Camilla. The 42-year-old Prince of Wales received his shiny new title and inherited his father’s Duchy of Cornwall, a title worth more than $1 billion. Ascended to the throne […]
Ohtani’s endorsement deals now eclipse payroll of 5 teams
Shohei Ohtani, a superstar designated hitter and pitcher, reportedly earns more in sponsorship money per year than the combined players of several other teams. The Japanese player has already signed a 10-year, $700 million contract with the Los Angeles Dodgers, the richest contract in MLB history. But according to a new report: Athletic We’ve detailed […]
Hal Steinbrenner’s payroll plan complicates Juan Soto’s Yankees future
Whether Juan Soto is in the Bronx or not, don’t continue to watch the Yankees make just over $300 million this season. Hal Steinbrenner praised Soto again Wednesday during an owners meeting at MLB headquarters in Midtown, saying the team has “championship caliber” and calling the current salary “not sustainable.” added. “To be honest, our […]
MTA payroll, overtime payments hit record highs
The MTA’s labor costs reached an all-time high of $7.8 billion last year, according to the agency. fiscal watchdog organization Empire Public Policy Center; State agency payrolls jumped by $663 million, or 9%, in 2023, and overtime expenditures increased by $75 million, or 6%, to a total of $1.37 billion. The previous record was $1.35 […]
49ers GM John Lynch address ‘clerical payroll error’ that cost the team draft picks: ‘We overpaid a player’
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49ers forfeit 2025 draft pick due to payroll error: ‘We take responsibility’
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