Actress | Soundtrack | Producer. Kathie Lee Gifford was born on August 16, 1953 in Paris, France as Kathryn Lee Epstein. She is an actress, known for Today (1952), Kathie Lee's Rock n' Tots Cafe: A Christmas 'Giff' (1995) and Kathie Lee Gifford... Looking for Christmas (1994).
Generally, the amount needed for a year of Social Security covered earnings to be considered âsubstantialâ changes from year to year. For example, in 2014 your earnings with Social Security covered employment would be considered âsubstantialâ earnings if they were at least $21,750. The agency applies this measurement of âsubstantialâ earnings to all your working years under Social Security covered employment.
Raising or eliminating the cap on earnings subject to Social Security taxes would generate additional revenues for the system. A less well-understood effect of raising the limit on covered earnings is that it would increase Social Security benefits for workers, since benefits are based on workers' covered earnings over their best thirty-five years. This effect would tend to offset, at least in part, the additional revenues from the earnings limit increase.