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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (26124)12/17/2004 6:18:22 PM
From: Amy JRead Replies (1) of 306849
 
RE: "in exchange for a 40% reduction in future Social Security benefits."

The current reduction is already 33%, as noted in your annual SS report.

So why the big deal over 40% reduction?

44%-33% = 7 point decrease.
Offset by a 16% decrease in taxes.

33% (current reduction) isn't too different from 40% reduction, given it comes with a 16% decrease in taxes for current workers.

Regards,
Amy J
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