lectur11-page26 - Maximum earnings taxed in 1991 = $51,300...

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26 Historical Social Security Tax Rates: v In 1970, the maximum retirement tax paid was $284.70. Matched by employer. v In 1990, SS retirement tax rate = 5.60 percent,
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Unformatted text preview: Maximum earnings taxed in 1991 = $51,300 v Maximum tax paid in 1991 = $2,872.80 per employee. Matched by employer...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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