Subject: Re: [LPNY DISCUSS] NY Capital Dist. Libertarians' Web Site Date: Tue, 21 Oct 2003 17:24:33 -0400 To: From: Bob Armstrong On Tue, 21 Oct 2003 16:45:31 -0000, rhymetofree6 wrote: >=A0A History Lesson: > >=A0"Here's what the 1936 government pamphlet on Social Security >=A0said: "After the first 3 years -- that is to say, beginning in= 1940 -- >=A0you will pay, and your employer will pay, 1.5 cents for each= dollar >=A0you earn, up to $3,000 a year. > >=A0And an Update on What Happened: > >=A0"But reality is different. Around '83 Social Security had hit= its >=A0second fiscal crisis. The tax went up - not away. Instead of 1%= on >=A0$3,000, we now pay close to 8% on $80,000. That's you and your employer each . So it's more accurately= about 14% or $12000 on $86000 , from the perspective your cost to your= employer . --=A0 =A0Bob Armstrong -- http://CoSy.com -- 212-285-1864 Return our Right to Relax : =A0http://ny.lp.org/cgi-bin/petition.cgi?Against_the_Smoking_Ban Liberty : http://CoSy.com/Liberty.htm