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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (215135)1/16/2005 3:23:51 PM
From: neolib  Read Replies (2) | Respond to of 1573727
 
Hi David:

If there is no limit for payout on the upper bracket, then SS is oddly enough very regressive wrt wealthy individuals, given the fact that SS Tax is capped at 87.9K giving $7.33K/month. The 15% bend kicks in at $3,653/month (AIME tweaked!).

So an individual with 1M/year (80K/month AIME) would receive the following:

0.9 x 606 + 0.32 x 3047 + 0.15 x 76347 = $12,972/month??

Heck, SS is a goldmine. There must be an upper limit.


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