#oasdi

[crratbc]

The new database contains more than four decades of records on the federal benefits paid to children whose parents are retired, disabled or deceased.

[ideasparanegocios]

Cual es el significado de fica ee y fica oasdi en los cheques

Cual es el significado de fica ee y fica oasdi en los cheques

Recibiste tu cheque de pago por tu salario y te sorprendes porque su importe es menor a lo que esperabas, FICA EE, se quedó con parte de tu dinero?

Es normal que pierdas una parte de lo que esperabas por tu trabajo? No significa que pierdas una parte de tu salario sino que el salario que te ofrece tu empleador es deducible de impuestos como también lo son las propinas que puedes recibir y es tu…

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[learnershr-blog]

In this webinar Expert Vicki Lambert will cover the basics of withholding, depositing and reporting federal taxes, It supports both quarter-end and year-end as well as all other IRS compliance issues facing the payroll department.

[reddragonleo]

This Snapshot of Social Security's Investment Holdings Shows Why the Program Is in Trouble

This Snapshot of Social Security’s Investment Holdings Shows Why the Program Is in Trouble

The importance of Social Security simply cannot be overstated, especially for today’s retirees. Tens of millions of people rely on Social Security benefits right now, and tens of millions more are counting on it being there when they need it in the future. Yet when you take a close look at the program, you can see some flaws that could endanger its ability to provide the financial support you…

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[vizual-statistix]

For most people living in the US, Social Security benefits will come through the Old-Age, Survivors, and Disability (OASDI) program. The beneficiaries can be retired workers (plus their spouses and children), widowers, parents, or children of the deceased, or disabled workers (plus their spouses and children).

This set of maps shows some county-level statistics related to OASDI payments. The top left map identifies the percentage of a county’s population that receives OASDI benefits. The top right map reveals which group tends to be the beneficiary; retired people are the largest group to receive benefits, but as stated in the previous paragraph, there are others who are also supported by the program. The white region in the Southeastern US is due to the large population of disabled workers receiving OASDI payments in those counties. The bottom maps are concerned with the amount of money paid out. On the left is the average monthly payment across all beneficiaries. On the right, I identified the difference in payment for men and women (subtracting the average women’s payment from the men’s). This metric only considers seniors (ages 65+), but includes people receiving OASDI benefits for any reason. There were no counties where women had a higher average payment than men.

Data sources: http://www.ssa.gov/policy/docs/statcomps/oasdi_sc/index.html

http://factfinder.census.gov/faces/nav/jsf/pages/index.xhtml (for county populations)

[taxforum-blog]

OASDI.net - everything you need to know about it

Don't know what is OASDI yet? Not a problem, OASDI.net has everything you can possibly need to know about this term

[westchesterview]

Social Security: trying to figure out what it's all about

I have always questioned the usual description of Social Security (now in its 76th year) and Medicare (now in its 46th year) as "entitlement programs" (that term has come to sound like something people selfishly demand without deserving it). Our own and our employers' taxes withheld while we are working (plus income over the years) pay for most of the benefits we ever receive. We do deserve those benefits! These are not investment programs but insurance programs.  Some people (the unlucky ones who die before statistical expectation) get back a lot less than they and their employers put in.  Others get back more than they put in. When we (or our employers) pay our insurance policies, do people complain that they haven't been sick enough to get the value of those premiums back?  I doubt it.  But you can bet that those who fall expensively ill are glad to get back more than they paid in. Social Security was implemented in 1936 in large part to help save retirees and the disabled with lower economic resources from destitution.  Socialism, some say; I say: human rights. According to an Urban Institute study,

One measure of Social Security’s success is the steep decline in old-age poverty over the past 50 years. Between 1959 and 2009, the poverty rate for Americans age 65 and older dropped from 35.2 to 8.9 percent.... In 2009, more than 51 million Americans received $672 billion in Social Security benefits.... About 69 percent of benefits went to retired workers and their dependents; the remainder went to disabled workers and their dependents and to survivors of deceased workers. Although the program was not designed to be the sole financial resource for retirees, in 2008 nearly a quarter relied on Social Security for 90 percent or more of their income.

If Social Security provides 90+% of nearly a quarter of recipients ' income, I shudder to think what would happen to them without these payments. And just bear in mind, that the $672 billion in Social Security benefits is derived from money that Americans and their employers contributed while they were working; it is not money that Congress should need to find somewhere.  In fact, over the years, Social Security has accumulated huge surpluses which, not to put a fine point upon it, Congress snatched away and gave IOUs for.  And now Congress sees that eventually it is going to have trouble paying up on the IOUs. Incidentally, when someone complains to you about "aliens" (ie., not citizens, not permanent residents), point out that most "aliens" paid by US employers who file paperwork as required by law must pay OASDI tax, even though they may well return home and never collect benefits in the US. So far so good?  Next time I'll say more, specifically regarding Linda Chavez's column "Slaying sacred cows is the tough part" (Daily Local, 2/12/11).

[markwilliam-blog-blog]