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Essay

Social Security Reform

Essay specific features

 

Issue:

Business

 

Written by:

Virginia S

 

Date added:

February 2, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 3064

 

Was viewed:

8440 times

 

Rating of current essay:

 
Essay content:

Workers and employees match equal amounts of the flat rate tax, currently 12.4% of each worker's wages. The funds are used immediately to provide for the obligations of current beneficiaries. The amount of benefits to workers depends upon their earnings during the course of their career as well as adjustments for inflation...
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Any surplus amount in excess of current obligations is invested in US Treasury securities. In 1983, largely as a concern of the impending retirement of baby boomers, Social Security laws were altered to accommodate the influx of beneficiaries. The changes made were increases in payroll taxes, retirement age, and the tax cap for wealthy individuals and state government employees were added to pool of recipients...
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General issues of this essay:
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