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how are social security payments calculated?

askbob
Posts: 7,254
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5/13/2011 7:16:16 PM
Posted: 5 years ago
I need to know for my thesis.

Here is what I have so far:

Earn a certain amount of money per year which earns you at most 4 credits per year. You have to obtain at least 40 credits to be eligible. Past that it doesn't matter how many credits you earn. Then your average wages are calculated to determine your payment. Then if you make over 25k or some number, the payments are taxed as income.

I'm not sure the details past this. Any info and sources will be appreciated.
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LaissezFaire
Posts: 2,050
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5/13/2011 7:28:26 PM
Posted: 5 years ago
I thought your thesis was about how we should have finance classes in high school so people save more or something. Also, it's May, shouldn't you be done with a thesis by now?

Also, http://www.ssa.gov... http://www.ssa.gov...
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askbob
Posts: 7,254
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5/13/2011 7:30:41 PM
Posted: 5 years ago
At 5/13/2011 7:28:26 PM, LaissezFaire wrote:
I thought your thesis was about how we should have finance classes in high school so people save more or something. Also, it's May, shouldn't you be done with a thesis by now?

Also, http://www.ssa.gov... http://www.ssa.gov...

Changed it to switching points within retirement taxation structures. The thesis is due by the end of the fall semester. I'm graduating a semester early.
Me -Phil left the site in my charge. I have a recorded phone conversation to prove it.
kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
askbob
Posts: 7,254
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5/13/2011 7:31:54 PM
Posted: 5 years ago
Since your choice of retirement taxation structure will effect the amount of tax you have to pay on your social security benefits it's unfortunately a topic I also have to cover.

I also found the article for the calculations:
http://www.ssa.gov...
Me -Phil left the site in my charge. I have a recorded phone conversation to prove it.
kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos
askbob
Posts: 7,254
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5/13/2011 8:51:34 PM
Posted: 5 years ago
this is going to take f*ing for ever. I hate our government
Me -Phil left the site in my charge. I have a recorded phone conversation to prove it.
kohai -If you're the owner, then do something useful like ip block him and get us away from juggle and on a dofferent host!
Me -haha you apparently don't know my history
Kohai - Maybe not, but that doesn't matter! You shoukd still listen to your community and quit being a tyrrant!
Me - i was being completely sarcastic
Kohai - then u misrepresented yourself by impersonating the owner—a violation of the tos