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View Diary: Take Social Security off the table (159 comments)

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    As I recall, in real dollars, adjusted for inflation, the caps are actually at about the lowest point in a real long time.
    Was that said 100% accurate?   Well maybe not 100%, but its close.

    Today if we taxed at 90% the SS income CAP would be about 186,000. See table 3

    http://aging.senate.gov/...

    But we dont, today the cap is  at about 84%, 110,100.

    The Trustees dont use normal inflation adjustments because they dont account for increased income disparity.

    FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Tue Nov 13, 2012 at 05:52:47 PM PST

    [ Parent ]

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