JD, you are correct, self employed did not have to join, but I did say anyone that contributed on 40 quarters of income would qualify at 62 years old. Neverthless, I would have to ask why would, all those self-employed, farmers, ect that chose to never contributed to the system, believe they should collect anything from it ? When SS started out it was taxed 2% of income, half paid by employeer and half by employee. Now it is 15.5%, I think. You are correct that during the late 70s early 80s inflation was hi, but so were interest rates. SS contributions and benefits more or less kept up with inflation during that period. The biggest payroll tax increase ever was when they "saved SS" in the early 1980's. My grandpa, a farmer, retired in 1968 at 65 years old. He said it took him about 2 years to withdraw every thing he ever contributed to the SS system. He lived to be almost 98. He thought the inflationary period in the 70s and 80's were the good times. He had certificate of deposits paying 17 and 18%. e
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
