Tag: social security financing
Abstract This paper decomposes trends in the distribution of earnings over the period 1982-2009 and calculates the effect of increases in dispersion in wage and salary earnings on revenues from the U.S. Social Security Old-Age and Survivors Insurance payroll tax. This tax is levied on earnings, up to a maximum that, with minor changes, has…
Introduction The Trustees of the Social Security system have just issued the 2007 report. The report includes projections for the system over the next 75 years, prepared by the Social Security’s Office of the Actuary. The bottom line is that the long-run outlook has remained virtually unchanged for the last thirteen years — the system…
