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From The Chairman: Peak Strategy 2014
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<blockquote data-quote="Dex01" data-source="post: 1472570" data-attributes="member: 43242"><p>How would two completely different benefits be duplicative?</p><p></p><p></p><p></p><p>Yes, created by the government with the original intent of providing a tax shelter for a small number of employees who had deferred income, but then the business community decided that it should become a standard retirement vehicle, and took the appropriate lobbying measures.</p><p></p><p></p><p></p><p>The Social Security Administration is solvent for approximately another 30 years without taking a single action, and could easily be funded beyond that point by temporarily lifting the cap on income subject to SSA/Medicare taxes.</p></blockquote><p></p>
[QUOTE="Dex01, post: 1472570, member: 43242"] How would two completely different benefits be duplicative? Yes, created by the government with the original intent of providing a tax shelter for a small number of employees who had deferred income, but then the business community decided that it should become a standard retirement vehicle, and took the appropriate lobbying measures. The Social Security Administration is solvent for approximately another 30 years without taking a single action, and could easily be funded beyond that point by temporarily lifting the cap on income subject to SSA/Medicare taxes. [/QUOTE]
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