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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GraceZ who wrote (53197)	2/9/2006 10:50:21 PM
From: Fiscally Conservative	Read Replies (2) of 110194

All this talk today of Social Security being a problem. It is a joke. It is a matter of taxation. Social Security and Medicare tax rates since 1937 Years and Rate 1937-49 1.00% 1950 1.50% 1951-53 1.50% 1954-56 2.00% 1957-58 2.25% 1959 2.50% 1960-61 3.00% 1962 3.13% 1963-65 3.63% 1966 4.20%* 1967 4.40% 1968 4.40% 1969-70 4.80% 1971-72 5.20% 1973 5.85% 1974-77 5.85% 1978 6.05% 1979-80 6.13% 1981 6.65% 1982-83 6.70% 1984 7.00% 1985 7.05% 1986-87 7.15% 1988-89 7.51% 1990 and later 7.65% *Medicare taxes were first collected in 1966. Source: Social Security Administration 1950 the tax rate was 1.50% and 1970 the tax rate was 4.80% 20 years and over a 300% rate differential. So,raise the rate! And limit payouts to a % of CPI to moderate and offset depletion rate. Everyone should be held accountable. And above all,stop all the complaining. The answers have always been right in front of their faces. They(politicians) just choose to ignore and rather make an issue out it.

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