Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (397353)	7/9/2008 9:35:05 AM
From: Alighieri	Read Replies (1) of 1578177

about whether the math works on a long-term basis There's the rub...the time horizon was the subject of my earlier question. All pensions are adjusted... The percent of taxable payroll is currently set at the rate of 12.4 percent, half of which is paid by the employer and the other half by employee. Over 75 years, the Trustees estimate the actuarial deficit is 1.8 percent of taxable payroll. This means that for the system to be completely solvent over the next 75 years, without adjusting benefits, payroll taxes would have to go up to 14.2 percent immediately. And to be solvent for the "infinite future," the $10.4 trillion shortfall equals 3.5 percent of taxable payroll, or a tax increase to15.9 percent of wages. That does not account for other adjustments, such as extending the base income on which the contribution is levied or limiting the benefit for that matter. This is not a huge problem. Al

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