Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (72669)	1/19/2000 7:16:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 108807

Who was responsible for the 1990 legislation that raised the % from 8-15% and doubled the cap... a 4 fold increase since the 1980s from 2K to 8K/year! Do you mean to tell me that in 1980 when the last increase came up that nobody thought about the demographic makeup? They should have cut benefits drastically then - raising taxes from 2K to 8K right when the tiny gen-xer group starts working is totally unacceptable - and as you know that was just the beginning. 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