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Page 2 · column 3 of 6 · from the scan, no model involved
steadily in the next two decades just to maintain the existing level of benefits. By 20 years from now, four cents will paid into the fund for every dollar of wages.
If it were decided to pay benefits to all totally and permanently disabled persons, without regard to age, an estimated additional two cents or more would have to be paid for each payroll dollar. It would require approximately one cent additional in tax immediately for each year we reduced below 65 the basic benefit age. The cost would reach $10,000,000,000 a year to make it 60.
We should have to increase the social security tax, too, if we deeded to remove the present limitation on outside income, because the additional benefits which would be payable immediately would run to hundreds cf millions of dollars a year
67.7%