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Politics : Bill Clinton Scandal - SANITY CHECK -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (4767)	9/22/1998 6:27:00 PM
From: Les H	Respond to of 67261

If you look at the benefit increases in the 70's, the Congress was raising Social Security benefits by 20% one year and other years 10% and 5%. The Social Security tax in 1970 was 6 or 8% (including employer contribution) on the first 3,000 of income. Now, the Social Security tax is 12-13% on about 150% of the median income. It's basically a drain from people who work in high cost areas, i.e., coastal and big cities, to people who work in the low cost and lower salary areas.