9365207160

I "

Payroll Tax Ratę May Increase for Social Security Benefits

year for a worker carnJng as much as 17,600. and an e<luli amoonC for his cmplo>cr. _k' V TTib figuro* U based Ofl The

WASHINGTON Conxfcst Johnson’] . of Social Security yetr. spccWIw «y lhe_r*r ęulrtd rovcnue p&bMy wouPd be rniicd by Increaslng the raić ęf the p*>roli*łix and by ex-

••m ..

Twln Falls _L

;Oćf 27,190*

mos-News 3

r»lWng lo charge prtsent law.

efftcilve, • they wcuTd ovćrlaVc ihe flrst boast and the ultlmatc

whlcf. p rejent calculatldta* of Socłal prcient $6.600 lo $7,600, would

be permanent The ratę In-crtaso of two-tcnths of 1 pen Cent cach ori employo and em- the one’ now

ptoyer «ould._in a Kasę. bc „How kog-the-ostra-Um-rate admiobtratlco iccmcd .noŁJo-tómporary

As the periodfe fnereases al-rcady buli: toto the law bccome

present

Security offIcitU'or the O-nanclnf cxpccted to-bo occdcd. Deulls of lho pmpotal cootlnue to be Worked out,* and oll Dna*, ‘'rc up to Ccngreu.

As lho spccialiiU~how~scc It. lho boso CKtemloe. from ihe

rato would not bo hlrhcr thac f scheduled. ta

wou!d apply would depend on wbeo ihe bchefiu wero madc effectłve._ Admlnbtra^on

elols flrst speke of a Jan. !, 1W8. eff«tlve datc, bul slrong congrtsslonal icnilmcnt for an earlior datę devetopcd and the

off*-

dloed lo ffght It. Preiumobly lho cxtra Ux- wotJfd eolncłd* wllh tho begłnnlng of the bene-

UtS.-

The Social

Ux rale lira vcar U 4.2 pćr each on empbyc and cmpJoyer, up to-lhe fira k,W »n empfoye firm. Thls meanc the mexł-taum employe Ux is $277.20. Ncxt ycar,>lf Congress doc$

Security -pyyrrpj)

\T?Tt

nge l

the ratę would lacreaso to 4.4 cfi th w ta* i ( chi *wcn ICBIf

poo^ent ói the Mmc baw, for a umf ta* of $2)0.47.

raaxlmi

If the (changta now belrg iketchcd-wcrc to bccotnetffcc-Uvt, otftchh say.^tho Ux ratę would gd fb*4 rber'cent ard tho baw to S7,tfl0.

WE HAVE THEM■

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•    A tuebed 8 ft. cortlset, plup ln» aoy $20 n>U A.C outln*

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