Thursday, April 8, 2010

When Soda Was a Nickel and Social Security Wasn’t Much More by Vedran Vuk

When Soda Was a Nickel and Social Security Wasn’t Much More by Vedran Vuk: "To find the dividing line between net gainers and losers, we created a projection assuming an individual with a salary equaling the top taxable Social Security limit for 45 years (to get an idea of this amount, consider the limit was $3,000 dollars in 1940 and $106,800 in 2010 – both nice salaries). Our test dummy paid the maximum Social Security taxes every year."

No wonder our national finances are so screwed up.