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View Diary: What I Keep Not Hearing About Medicare (182 comments)

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  •  A4C - I don't know the math (0+ / 0-)

    But the system stays in balance if about 90% of wages and salaries are subject to withholding. We are now in the low 80s. We need to stair step the amount up until we hit 90%. That might require us to take the cap close to $200,000. The current maximum cap is $110,000 and the max benefit is under $3,000/mo. If someone had 40 quarters at $200,000 plus my guess is that the benefit would be about $5,000/mo. There are some formulas on the SocSec website to play with and you are just the type of person with the expertise to work on a few examples.

    "let's talk about that"

    by VClib on Sat Oct 13, 2012 at 10:46:42 AM PDT

    [ Parent ]

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