Obama: Social Security Checks Will Stop When Debt Ceiling Is Reached. WASHINGTON -- President Barack Obama said Thursday that while it's bad members of Congress have allowed a government shutdown, it would be worse if they failed to increase the government's borrowing authority later this month.
Respite Care. Respite Care is short term care, usually only a few days at a time, provided for children who have significant needs. These may include developmental delays, mental health or behavioral issues, and special health care needs. Respite Care provides a needed break to parents and care givers. Payment for Respite Care is considered taxable income.
Savings income. If you are a taxpayer, 20% tax will be deducted from your savings interest before you get it. If you are a higher-rate taxpayer, you'll still have a further 20% tax to pay and additional rate taxpayers a further 25%. People with taxable income up to Â£31,785 are basic-rate taxpayers and pay tax at 20% (with Â£10,600 personal allowance, this gives a threshold of Â£42,385). 2  Those with taxable income over the limit pay tax at 40% on income above the threshold.