Wages up to $147,000 are currently taxed for Social Security. How that could change

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Joseph Robinette Biden, Jr. (born November 20, 1942) is an American lawyer and politician from Wilmington, Delaware. He is a member of the Democratic Party and the incumbent senior U.S. Senator from Delaware. Biden is currently serving his sixth term and is sixth-longest serving among current Senators (fourth among Democrats) and Delaware's longest-serving Senator. He is the Chairman of the U.S. Senate Committee on Foreign Relations in the 110th Congress. Biden has served in that position in the past, and he has served as Chairman of the U.S. Senate Committee on the Judiciary. He was a candidate for the Democratic Party's nomination in the 2008 presidential election, but dropped out after a poor performance in the Iowa caucus on January 3 2008.