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Growth in Social Security Take
Anyone care to calculate the increase in how much social security is taken
from your check from since its beginning? It start at 1% of your first $3000 Now it's 15.3% of your first $106,400 Actual Rate http://www.ssa.gov/OACT/ProgData/taxRates.html Maximum Taxable Earnings http://www.ssa.gov/OACT/COLA/cbb.html#Series Inflation Calculator http://www.dollartimes.com/calculators/inflation.htm Between 1937 and 2009, I calculate it as 36** times increase in the amount government takes from you to pay for social security. Oh and SS is going broke, But it can be fixed just take more money from us. Please do the math and correct me. Mike ** this includes Medicare which I'll argue is part of social security. |
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