tag:blogger.com,1999:blog-4102429195693595750.post8173217110817078927..comments2024-03-22T05:15:17.042+02:00Comments on Sudden Debt: Social Security Receipts Down 5.5%Hellasioushttp://www.blogger.com/profile/03564511281240682625noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4102429195693595750.post-55676205718637923112009-09-21T22:03:26.589+03:002009-09-21T22:03:26.589+03:00This comment has been removed by the author.सुजनhttps://www.blogger.com/profile/02002627198255475273noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-8054410058799596112009-09-19T06:59:13.848+03:002009-09-19T06:59:13.848+03:00About the raising the cut-off:
FICA is a flat pay...About the raising the cut-off:<br /><br />FICA is a flat payroll tax, subject to an income ceiling. This means that the same percentage is deducted at the source from all paychecks, up to the cut off point.<br /><br />Hypothetical Example: <br /><br />10% is deducted from a paycheck of,say, $150,000 but only up to the $100,000 cut-off, producing $10,000 of revenue for Social Security. Any income above $100,000 was tax free.<br /><br />If the ceiling is raised to $110,000 then the revenue increases to $11,000.<br /><br />Best,<br />H.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-35503368518428568872009-09-18T23:09:23.521+03:002009-09-18T23:09:23.521+03:00Thank you, Hell.
I wasn't pointing my finger a...Thank you, Hell.<br />I wasn't pointing my finger at you, but at the people making the comments...<br />Ahhh... the good old effects of specialization...Debrahttps://www.blogger.com/profile/01510189619803992336noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-67184091278612335392009-09-18T17:18:21.261+03:002009-09-18T17:18:21.261+03:00i'm daft.
how would raising the (income) cut-...i'm daft.<br /><br />how would raising the (income) cut-off for tax assessment increase receipts?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-29653290953644633072009-09-18T11:25:56.681+03:002009-09-18T11:25:56.681+03:00oh, and..
COLA: Cost Of Living Adjustment
CPI: C...oh, and..<br /><br />COLA: Cost Of Living Adjustment<br /><br />CPI: Consumer Price Index, also short for inflation.<br /><br />OER: Owner Equivalent Rent, what a homeowner "pays" in rent.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-64244243963722324542009-09-18T11:21:48.079+03:002009-09-18T11:21:48.079+03:00KBE: Knight of British Empire, so it's SIR Ala...KBE: Knight of British Empire, so it's SIR Alan to you, if you please. He was knighted a couple of years prior to leaving the Fed.<br /><br />FY: Fiscal Year<br /><br />H.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-40666884531730397282009-09-18T10:38:42.610+03:002009-09-18T10:38:42.610+03:00God, how I hate acronyms.
They make a lot of peopl...God, how I hate acronyms.<br />They make a lot of people feel really confident that they know what they are talking about, all the while ensuring that OTHERS don't know what they're talking about.<br />These comments are way over my head...Debrahttps://www.blogger.com/profile/01510189619803992336noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-77322277097576662942009-09-17T18:42:14.541+03:002009-09-17T18:42:14.541+03:00Astute observation, I assumed it would be lower. I...Astute observation, I assumed it would be lower. In my opinion the older heads feel CPI should be flat.<br />I remember in the spring the ivory tower economist wanted 2 percent cpi per year and where refuted by the old school as Volkner conveyed the goal should be zero. Stealth tax by inflation is dishonest to say the least and maybe more citizens needs to press the white house to insist on getting the cpi to stay as close to zero as possible. Some in the administration may be listening but i would not want to stray that far given we have so far to go. As for understating the hedonic adjustments I suggest yes indeed but inclusive to regional realities.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-90092043023380502002009-09-17T14:22:12.916+03:002009-09-17T14:22:12.916+03:00Thanks for this post. Where do you find the data ...Thanks for this post. Where do you find the data for FICA?<br /><br />I think that someone in the government ought to realize that without an increase in the CPI they cannot create inflation--so many wages and salaries are tied, directly or indirectly, to the COLA promulgated by the Feds. It's ironic, really, that the monkeyed-up methods used to depress the CPI are, in fact, depressing the CPI precisely when an increase in the measure could do some good--giving Americans a nominal raise and increasing tax receipts in nominal terms so that we can inflate away the deficit as we have done in the past.<br /><br />How about a new Boskin commission which could be shocked, shocked to discover that the OER and hedonic adjustments have been understating inflation all these years. . .But What do I Know?noreply@blogger.com