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Social security is still a bargain for the average person in spite of recent legislation increasing future tax revenue. Bruce A. Hundley, social security manager in Culpeper, said recently.
"Contrary to the impression given by recent news stories, most people can expect to get their money back from social security. And those that suffer the worst risks that their social security contributions protect against—loss of income because of death at an early age or disability—will, of course, receive many times their tax contributions." Hundley stated.
He noted that because news accounts have given the impression that social security taxes would triple in 10 years there appeared to be some concern that social security was no longer a good buy. Actually, taxes will triple over the amount paid in 1979. for only the highest earners—those earning more than $30,000 a year. For most people, the increase in taxes will be modest over the next 10 years.
Hundley said that these conclusions were also
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