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To: cynwoody

I am going by memory, but I am pretty sure it was 2% of SS tax paid. At the time I thought it was such a minuscule amount for the left to be going apoplectic over.
Which of course clearly illustrated their opposition to anything that hinted of freedom.


133 posted on 08/30/2015 6:46:07 AM PDT by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
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To: ChildOfThe60s
I am going by memory, but I am pretty sure it was 2% of SS tax paid. At the time I thought it was such a minuscule amount for the left to be going apoplectic over.

According to this article from 2005, it was 33.3% of the SS tax paid, with a cap of $1000. The cap was to rise 10% a year.

In 2005, the tax was 12.4% of the first $90k in wages, or $11,160. A third of that is $3720. So, you would have been able to divert $1000 to an investment account. Mice nuts, as you say.

170 posted on 08/30/2015 10:36:32 AM PDT by cynwoody
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