Social Security: Promise and RealityIn this book Rita Ricardo Campbell translates the arcane intricacies of Social Security into terms intelligible to lay readers. She thereby fills the long-standing need for a lucid, up-to-date, authoritative guide to the system. She not only examines the gulf between how the sytem ideally should work and how it actually does work, but also offers incisive, realistic proposals for overdue reforms. Social Security is a subject no one can afford to ignore or fail to understand. At its inception the maximum tax per person was $60 per year; today its almost $2,000. Thirty-two million individuals currently receive benefits, and 90 percent of the workforce pays Social Security taxes; nearly one-half pay more in social security than in federal income tax. For those who seek an intelligent analysis of Social Security Campbell's book will be welcome and invaluable. |
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actuarial amount annual assumptions Author's Note beneficiaries benefit based benefit levels billion birth rates cash benefits changes Committee Congressional Budget Office Consultant Panel Consumer Price Index contributions cost Council on Social coverage covered earnings deficit disability insurance DOCUMENT economic effect eligible employees entitled estimated excerpt expenditures federal financing future Government Printing Office hospital insurance husband increase individual equity inflation labor force long-run married couples married women Medicare OASDI taxes OASI old-age old-age and survivors payments payroll tax percent of taxable persons present law primary benefit proposal protection Quadrennial Advisory Council receive recommendations reduced replacement ratios Report retirement benefits retirement test revenues saving social adequacy Social Security Act Social Security Administration social security benefits social security program social security system social security taxes Subcommittee Supplemental Security Income tax rate taxable payroll trust fund U.S. Congress U.S. Department U.S. Government Printing wages Washington welfare widows