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Trustees: Social Security Broke in 2041
Summary from United States, from articles in English
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The trustees estimated that the program, which is about to be inundated with baby boom retirees, would go broke in 2041, also a year earlier than in their prior annual report. (article 5)
The President Bush administration said both findings underscored the urgency of its effort to overhaul Social Security this year, in part by creating retirement investment accounts for younger workers. (article 5)
The increasing life span of Americans and the shrinkage of the workforce relative to the number of retirees are real and significant demographic changes that policymakers should not ignore. (article 3)
The rate for Social Security taxes is 6.20 percent of wages up to $87,000, with no limit on the amount of wages subject to the rate of 1.45 percent for Medicare taxes. (article 2)
Self-Employment Taxes For 2003, the Social Security tax of 12.40 percent applies to net self-employment earnings (receipts minus earnings) up to $87,000. (article 2)
Yet unlike most Americans, who will receive some form of a public pension in retirement and will be eligible for Medicare as soon as they turn 65, Mr. Martinez is not entitled to benefits. (article 1)
Don't think of what follows as stock tips, because there are a zillion reasons Burns family spending may be different from what others do. (article 6)
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Other stories about Social, Security and Bush:
Event tracking:
Story keywords
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Social, Security, Bush, taxes, fund |
Source articles
- Illegal Immigrants Are Bolstering Social Security With Billions (nytimes.com, 04/05/2005, 1550 words)
- Tax 2004: Witholding Amounts (ABCNews, 04/06/2005, 497 words)
- Fix Health Care First (washingtonpost.com) (Washington Post, 04/07/2005, 734 words)
- Trustees: Social Security Broke in 2041 (ABCNews, 04/07/2005, 360 words)
- Social Security Said to Pay Out in 2017 (ABCNews, 04/07/2005, 327 words)
- Companies, don't waste my time (dallasnews.com, 04/05/2005, 1355 words)
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blaster@cs.columbia.edu
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