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To: Sacajaweau

..............Just remember, they’ve been shorting the “kitty” by 2% for the last two years. Wonder what that adds up to????..............

Lets put those calculations into the whizzinator! Wzzzzz.

The normal take for the SS Admin is a total of 12.4% of payroll (1/2 emp, 1/2 empr.) So a reduction of 2%, to a total of 10.4% means that for the last two years SS Admin has only received 10.4%/12.4%. or 83.9% of the normal take.

In 2009, the SS Admin took in $807.5 Billion in “contributions”. So 83.9% of that amount totals $677 Billion, for an annual shortfall of about $130 Billion.

Yeah employment levels and wages will change that date, but that’s an approximation.


16 posted on 12/03/2012 1:54:19 PM PST by Noob1999 (Loose Lips, Sink Ships)
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To: Noob1999

“Lets put those calculations into the whizzinator! Wzzzzz.”

I predict the payroll tax cut for the employee will never be recinded. They will raise the employer part instead, and crow about how they stuck it to those nasty bosses.


17 posted on 12/03/2012 2:21:44 PM PST by beef (Who Killed Kennewick Man?)
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