Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Rob, these are "white lies". Everyone paid approximately $165,000 (the rate is 12.4%, at least for me since I paid both the employer and employee side, being independent since 1985, and the employer contribution should be taken into account whether or not it is oneself or an outside employer), which over the 40/45 years every one paid, should have grown roughly to at least $600,000, and $600,000 should yield $30,000/year without touching the principal, most of retirees get less than $20,000/year, thus as is the case with the "dividend exclusion" retirees pay the price and are being robbed.