Social Security: Legislation 2001: Non-Means Tested Benefits

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For instance, at a state school, one only need to look for SSNs with a different "area numbers" (first three digits) to identify possible out-of-state students. Perspectives on the means for achieving social policy outcomes are changing over time. This threshold was a fixed amount that was not indexed for inflation or wage levels. [24] * Between 1950 and 1971, various Congresses and Presidents passed six laws increasing the taxable maximum by a total of 200%. [25] * In 1972 and 1973, the 92nd and 93rd Congresses and Republican President Richard Nixon passed laws: indexing the taxable maximum for 1975 and annually thereafter based upon changes in average wage levels. [26] * In 1977, the 95th Congress and Democratic President Jimmy Carter passed a law increasing the taxable maximum faster than average wage levels in 1979, 1980, and 1981 by a total of 68%. [27] [28] * Since 1982, the taxable maximum has been annually indexed roughly based upon average worker compensation levels. [29] [30] * Between 1990 and 2012, the taxable maximum was increased by 122%. [36] During the same period, average worker compensation increased by 113%, and median worker compensation increased by 93%. [37] * Adjusting for inflation, the taxable maximum has been increased by a factor of four times between 1950 and 2014. [38] * Between the start of Social Security in 1937 and 2013, the portion of all covered earnings subject to Social Security payroll taxes has ranged from 71% to 92%, with an average of 84% and a median of 84%.

Pages: 224

Publisher: Sweet & Maxwell (February 21, 2002)

ISBN: 0421779705

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