Social Security: Reform Proposals and Trust Funds - PowerPoint PPT Presentation

Social Security: Reform Proposals and Trust Funds

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Summary of the Financial Status of Social Security. Based on 2011 Trustees Report, 75-year valuation period, intermediate assumption setActuarial balance: -2.22% of taxable income2.15% increase in payroll tax (12.40% to 14.55%) required to eliminate deficitOr, alternatively, 14% immediate cut to

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Social Security: Reform Proposals and Trust Funds

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