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Author Topic: Another Crappy August Jobs Report -- June & July Revised Downward  (Read 177 times)

Offline wbcoleman

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Re: Another Crappy August Jobs Report -- June & July Revised Downward
« Reply #15 on: September 08, 2012, 09:40:44 pm »
Quote from: clistensprechen on September 08, 2012, 12:08:01 pm
And nobody should ever miss the point of IRAs and similar pre-tax deductions that reduce the amount of net income: any program that reduces net income also reduces Social Security benefits.  Social Security benefits are based on net income, not pre-tax income.

They are not based upon income at all!  They are based strictly upon covered earnings.
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