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Presentation slides / policy analysis report
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1.36 MB
Summary
This document consists of two presentation slides (pages 261 and 262) from a report titled 'USA Inc. | What Might a Turnaround Expert Consider?' produced by KPCB (Kleiner Perkins). The slides present economic policy options sourced from the Congressional Budget Office (CBO) 2010 data regarding the restructuring of Social Security, specifically proposing changes to retirement age, benefits, and tax codes to reduce future deficits. The document bears the Bates stamp HOUSE_OVERSIGHT_020972, indicating its inclusion in a House Oversight Committee investigation.
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Locations (1)
| Location | Context |
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Key Quotes (4)
"Restructure Social Security: Policy Options #1 – Combining Raising Retirement Age + Reducing Benefits + Raising Tax Rates"Source
HOUSE_OVERSIGHT_020972.jpg
Quote #1
"What Might a Turnaround Expert Consider?"Source
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Quote #2
"Increase social security tax rate from 12.4% to 14.2%?"Source
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Quote #3
"Raise the Taxable Earnings Limit to ... No limit, without increasing benefits"Source
HOUSE_OVERSIGHT_020972.jpg
Quote #4
Full Extracted Text
Complete text extracted from the document (1,394 characters)
Restructure Social Security: Policy Options #1 –
Combining Raising Retirement Age + Reducing Benefits + Raising Tax Rates
Combining Raising Retirement Age + Reducing Benefits + Raising Tax Rates
Consider:
1) Increase retirement age by 0-9% and/or
2) Reduce social security benefits by 0-12%? and/or
3) Increase social security tax rate from 12.4% to 14.2%? and/or
4) Combination of some / all of the above & more?
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 261
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 261
Restructure Social Security: Policy Options From the Congressional Budget
Office (CBO) to Reduce Social Security Future Deficits By
1) Changing Tax Codes¹
Office (CBO) to Reduce Social Security Future Deficits By
1) Changing Tax Codes¹
Policy Options
Future Deficit Reduction² (%)
Future Deficit Reduction² (%)
Increase Payroll Tax Rate by ...
{
2% gradually over a 20-year period
100%
3% gradually over a 60-year period
83
1% in 2012
50
{
2% gradually over a 20-year period
100%
3% gradually over a 60-year period
83
1% in 2012
50
Raise the Taxable Earnings Limit³ to ...
{
No limit, without increasing benefits
150%
No limit
100
$250,000, without increasing benefits
83
90% of earnings
33
{
No limit, without increasing benefits
150%
No limit
100
$250,000, without increasing benefits
83
90% of earnings
33
Impose 4% Tax on Earnings Above ...
{
$106,800, without increasing benefits
50%
$250,000, without increasing benefits
17
{
$106,800, without increasing benefits
50%
$250,000, without increasing benefits
17
Note: 1) Benefits are adjusted as taxation is changed, unless specified otherwise 2) As % of the estimated present value of Social Security trust fund cumulative deficit in future 75 years. 3) Currently at $106,800.
Source: CBO, "Social Security Options 2010."
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 262
Source: CBO, "Social Security Options 2010."
KP
CB www.kpcb.com
USA Inc. | What Might a Turnaround Expert Consider? 262
HOUSE_OVERSIGHT_020972
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