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Social Security Pay Will Increase Over The Years
An editor's note explains how future Social Security benefits may rise as the maximum tax base increases. A reader asks about higher future payments and the reply notes benefits depend on average earnings and that the maximum tax base rose to 7800 as of 1968, boosting future monthly amounts. It also answers a farmer's query on reporting farm income for Social Security purposes, stating that gross earnings of 600 or more allow use of the optional method to qualify for retirement benefits.
MENTIONED IN THIS ARTICLE
Baytows
Murray W. Persen
Social Security Administration
Federal
Defoe Street