By The Numbers

Social Security has reduced the number of senior citizens living in poverty, to 10.8% in 1996 from 35.2% in 1959. According to a recent study by the AICPA, however, if Social Security were eliminated, the poverty rate among the elderly could climb as high as 54%.

Source: Understanding Social Security: The Issues
and Alternatives
, AICPA. Copyright
1998 American Institute of CPAs.


6 key areas of change for accountants and auditors

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Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.