Wednesday, December 29, 2004

Social Security - How they plan to destroy it.

The mysterious In-cog-nito tells us how George Bush is going to end Social Security as we know it.

http://www.chicagoboyz.net/archives/002714.html

I've updated the excel and the numbers blow away the current Social Security payments. Even the lowest bracket is comparable to the current unfunded maximum payout:

2004 Income

Total Account Balance

Monthly Payment

Annual Payment

1st Tier

$154,120

$1,323,852

$5,775

$69,300

2nd Tier

$86,867

$792,763

$3,458

$41,500

3rd Tier

$54,453

$529,600

$2,308

$27,700

4th Tier

$34,000

$345,209

$1,504

$18,050

5th Tier

$17,984

$183,441

$800

$9,600


0 Comments:

Post a Comment

<< Home