Originally Posted by Michael Joseph
I agree.
Get this.
Income. An estimated 163 million people paid Social Security payroll taxes in 2013.
Most workers contribute 6.2 percent of their earnings to the Social Security system, up to $113,700 in 2013, and employers pay a matching 6.2 percent for each worker.
Self-employed workers must contribute 12.4 percent of their paychecks.
These payroll tax contributions amounted to 726.2 billion in 2013.
The total income of $855 billion also included 21.1 billion from the taxation of benefits and $103 billion in interest earnings.
The trust fund reserves, which are invested in U.S. Treasury securities, earned 3.8 percent interest and grew from $2,732 billion in 2012 to $2,764 billion by the end of 2013.
The trust fund is expected to continue to grow through 2019 and reach $2,878 billion at the beginning of 2020.
The trust fund is expected to continue to grow through 2019 and reach $2,878 billion at the beginning of 2020 of what? http://finance.yahoo.com/news/5-thin...175120222.html
Wow that video blue me out of the water Michael Joseph http://www.aspe.hhs.gov/datacncl/Privacy/titleV.pdf You must love seeing the truth.
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