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Pastimes : Let's Talk About Our Feelings!!!

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To: Neocon who wrote (72384)1/17/2000 12:45:00 PM
From: Lizzie Tudor  Read Replies (4) of 108807
 
I'm trying (once again) to follow why anyone would dwell on these peripheral programs when it comes to SS. Its obvious SS is eating up way too much of any federal spending and the lions share of the $$ are the core beneficiaries... don't you agree? Cut waste if you want, and all these peripheral programs but that is small potatoes.

I can't understand why the retirement age isn't raised to 72 immediately, can you? This is a real crisis for the young - the current recipients hardly paid anything - is it too much to ask for just a little honest leadership from Washington?

Heres this again:
Social Security Tax rates:
FICAa SECA Maximum Taxable Earningsb
1940 1.00% -- $ 3,000
1950 1.50% -- $ 3,000
1960 3.00% 4.50% $ 4,800
1970 4.80% 6.90% $ 7,800
1980 6.13% 8.10% $ 25,900
1990 7.65% 15.30% $ 51,300
1997 7.65% 15.30% $ 65,400 (OASDI) No limit for HI
Message 12583794
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