@DBCooperTX So a maximum contributor over those 51 years paid about $161,000 of their own Social Security tax and, claiming at full retirement age, would start around $2,830 a month. Over 20 years that is on the order of $680,000 before later inflation raises, or roughly $860,000 if benefits
@DBCooperTX In 1967, the official “moderate” cost of living for an urban family of four was about $9,076 a year. That is almost exactly the median four-person family income of $8,994, so after the $290 employee Social Security and Medicare tax, that family was roughly at a moderate budget
@DBCooperTX The Social Security wage cap in 1965 was $4,800.
That figure is the contribution and benefit base (also called the taxable maximum): the highest amount of covered earnings subject to Social Security tax and credited toward benefits. It had been $4,800 since 1959 and stayed there
@BumpyAstronaut@PJ_Lowry@DamonStrong Blah blah, So you’re not allowed to take care of your car on the side of the ride, got it fascist. And people like me pay a lot in taxes not to be harassed by you or authority. U sound like a future ICE officer telling legal citizens they can’t live here 😂😂
@smoke0407_brad@PJ_Lowry@DamonStrong You’re an angry elf. Nobody wants to start the world over with an angry elf like u. And who is “we” all your retard faggot elf buddies.