Social security in a nut shell
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Social Security in a Nut Shell. What is it?. Contributory social insurance program providing benefits to millions of Americans Flat Tax, pay-as-you go on wages (4.2%) Benefits based on average earnings during a thirty-five year career. . Trust Fund.

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Presentation Transcript

What is it
What is it?

  • Contributory social insurance program providing benefits to millions of Americans

  • Flat Tax, pay-as-you go on wages (4.2%)

  • Benefits based on average earnings during a thirty-five year career.


Trust fund
Trust Fund

  • Any money left over after paying benefits is put into the Trust Funds, which are invested in U.S. government securities to provide funds for future use


Progressive regressive
Progressive & Regressive

Progressive Benefits:

  • Lower wage earners receive benefits that represent a higher percent of their income.

    Regressive Taxation:

  • Earnings over $110,000, interest and capital gains are not taxed.

  • Lower wage earners pay a larger percent of their income to SS.



T his means
This means …

Less funds for you and me


Reform options
Reform Options

Raise Revenue:

  • Raise taxes

  • Remove or raise cap

    Lower Costs:

  • Increase retirement age

  • Lower benefits paid

    Privatize System:

  • Invest individual funds in stock market



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