Individuals earning over $118,500 will pay more in Social Security taxes in 2017 than 2016. The new earnings cap for 2017 is now $127,200. Check out the details on this new tax increase here.
Brian Wesbury, Chief Economist at First Trust, provides his rational and methodology for believing the Dow Jones Industrial Average can reach 36,000 over the next four years. Watch this short video here at Wesbury 101-Your Antidote to Conventional Wisdom.
Italians vote on Sunday in a referendum to change their constitution to broaden the power of the executive branch. If it fails, the Prime Minister has said he will resign. The opposing party, Five Star, has risen to prominence promising a vote on leaving the Eurozone and bringing back the Lira. The UKs Independent lays out what this about and what to expect. Read it here.
