Proposed Change to Social Security

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scott715
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Proposed Change to Social Security

Post by scott715 » Fri Dec 30, 2016 4:15 pm

http://www.dallasnews.com/business/pers ... m-50-watch

A cut of future benefits.

medium-wage worker with a 44-year record (one with about $49,000 wages in 2016) will start retirement with an 11.4 percent benefit cut. The cut will increase to 18.8 percent by age 95.

A high-wage worker with a 44-year record (about $78,600 for 2016) will start retirement with a 19.9 percent benefit cut. It will increase to a 26.6 percent cut by age 95.

A top-wage worker with a 44-year record (one earning $118,500 in 2016) will start retirement with a 25.2 percent cut. It will increase to a 65.4 percent cut by age 95.

Benefit cuts increase each year after 2030. A 33-year-old medium-wage worker today would experience a benefit cut of 33.2 percent when retiring in 2050. That cut would increase to 34.1 percent by the time he or she reached age 95.

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Ddawg
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Re: Proposed Change to Social Security

Post by Ddawg » Fri Dec 30, 2016 4:58 pm

Control the money illegals cost the U.S. taxpayers each year ($100 billion +) and we wouldn't have to cut those Social Security benefits.

In CA illegals cost the state $25+ billion each year (education, health care, first responders, law enforcement, social services, govt services, etc.)

Put in perspective, Utah total expenditures in 2015 were $12.9 billion.

Control the crazy costs associated with illegals - take care of tax paying American citizens.

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