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. |
Contents
The Doubtful Legacy | 3 |
CURRENT PROBLEMS IN BRIEF | 6 |
FEDERAL WELFARE PROGRAMS | 12 |
Copyright | |
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actuarial additional annual assumptions Author's Note beneficiaries benefit based benefit levels billion birth rates cash benefits changes Committee computed Consultant Panel Consumer Price Index contributions cost Council on Social coverage covered earnings covered employment deficit disability insurance DOCUMENT economic effect eligible employees entitled estimated excerpt exempt amount expenditures federal financing future higher hospital insurance husband income tax increase individual equity inflation life-cycle hypothesis long-run married couples married women Martin Feldstein 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 recommendation replacement ratios Report retirement benefits retirement test revenues saving secondary benefits social adequacy Social Security Act Social Security Administration social security benefits social security program social security system social security taxes spouse Subcommittee tax rate taxable payroll trust fund U.S. Congress U.S. Government Printing wages welfare widows