Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (1501377)	11/13/2024 4:58:04 PM
From: Fiscally Conservative	Read Replies (2) of 1570917

This is my understanding: Technically SS was underfunded by roughly $150 billion. No nearly 25% as you say In 2023, the Social Security Administration (SSA) received $1,233 Trillion in payroll taxes from an estimated 183 million workers: Employee contribution: 6.2% of earnings up to a maximum of $168,600 in 2024 Employer contribution: Matches the employee's contribution Self-employed worker contribution: 12.4% Total benefit payments: $1,379 Trillion, excluding payments to the Railroad Retirement Board Number of people receiving monthly benefits: 67.1 million Income from benefit taxation: $51 billion Percentage of federal budget spent on Social Security: 21% Average monthly retirement benefit: $1,833 Please show me your data

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