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Paycheck Deductions To Rise In 1973 Across Social Security
The 1973 paychecks will show higher Social Security deductions of 65 cents per $100, with Hospital Insurance under Medicare extended to disabled under 65. The change, aiming to strengthen financing, includes automatic benefit increases and expanded coverage. Employers match employee contributions, and earnings above $9,000 face higher taxable amounts, with benefits adjusted for inflation and longer delayed retirement credits.
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A Security Office
S. 6Th