A layman's description of Social Security -- how it works, the nature of the problem it will face and a discussion of the alternatives proposed to fix that problem
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The Truth About Social Security | truthaboutsocialsecurity.com Reviews
https://truthaboutsocialsecurity.com
A layman's description of Social Security -- how it works, the nature of the problem it will face and a discussion of the alternatives proposed to fix that problem
truthaboutsocialsecurity.com
The Truth About Social Security
http://www.truthaboutsocialsecurity.com/index.html
Our Social Security system is not "in crisis.". It has a problem of manageable size. If we fix it now, all we need do is raise the taxes used to fund the system by as little as .5% (CBO estimate) to 1% (SS Trustees estimate) of subject payroll for employee and employer, each. For a family making $40,000, that's $200 per year, or about half the tax cut the administration claims they received. To that end, we have organized the site into the following sections:. And Articles): An analysis of major speeches...
The Truth About Social Security
http://www.truthaboutsocialsecurity.com/proposals/index.html
Max Percent of Payroll. Add'l Effect on SS Benefit. President's Commission (Plan 2). Truth About Social Security (TASS). Truth About Social Security (TASS) Plan 2. The plan contains a common trust fund for Tier 1 Benefits (120% of poverty) with a mandatory private account as a second tier. The percentage allocated to the common fund is the percentage of total SS tax revenues necessary to actarial fund future liabilities, the balance is placed in the private account.
The Truth About Social Security
http://www.truthaboutsocialsecurity.com/description/index.html
This is not a full description of the current social security system or its history; rather, it is meant to highlight the aspects of the system, in a non-technical manner, to assist in understanding the current situation and how the proposed changes affect the system. We have relied on the Social Security Administrations web site. For much of the information. Over time it has evolved and become more complex. Our discussion of the current system is divided into the following parts:. Is part of the solution.
The Truth About Social Security
http://www.truthaboutsocialsecurity.com/myths/index.html
Unfortunately, much of what we know abour Social Security, and much of what we are being told about it, just isn't so. This section is intended to highlight (and, hopefully, correct) some of those myths and misperceptions. Social Security is going broke. Social security is now facing a $10.4 trillion crisis. Privatization is part of the solution. Transition costs are an investment, not an expense. Social Security is a savings program.
The Truth About Social Security
http://www.truthaboutsocialsecurity.com/options/index.html
Options for Reducing the Social Security Shortfall. Note: We are indebted to the American Academy of Actuaries. For much of the material in this section, and especially their calculations of the effect each of the changes would have on the shortfall. Generally, the options for reducing the shortfall can be grouped into two categories:. Benefits may be reduced in four different ways:. Increasing the normal retirement age. Lowering the Cost of Living Adjustments. Increasing the Payroll Tax.
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The Truth About Social Security
Our Social Security system is not "in crisis.". It has a problem of manageable size. If we fix it now, all we need do is raise the taxes used to fund the system by as little as .5% (CBO estimate) to 1% (SS Trustees estimate) of subject payroll for employee and employer, each. For a family making $40,000, that's $200 per year, or about half the tax cut the administration claims they received. To that end, we have organized the site into the following sections:. And Articles): An analysis of major speeches...
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