Talk:Ida May Fuller
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[edit] Tax pay
Moved from main page:
- The annualized return is closer to 42%.
- Firstly, the midpoint, not the endpoint (which would yield the 22%), of the 35-year payout period should be used in the estimate, because the $22,888.92 was paid out gradually over this period.
- Secondly, $49.50, not $24.75, was contributed, considering the employer's matching contribution, which is generally considered, in the long run, to reduce the employee's pay by an equal amount, since an employer has a predetermined amount he is willing to spend retaining an employee.
- $49.50 x 1.42^17.5 = $22,890 —Preceding unsigned comment added by TTTAR (talk • contribs) 11:26, 24 November 2006 (UTC)
--ImmortalGoddezz 19:08, 13 January 2007 (UTC)
- Calculating return based on midpoint is also incorrect due to the exponential growth of interest. Consider that her monthly checks for the first year were $22.54. Thus, her payments for the first year totaled $270.48. With a principal of $49.50, that kind of return is completely unrealistic from a normal investment. A 42% interest rate would have yielded only $70 at the end of the first year. For the first generation of recipients, the benefits were essentially a gift. This massive discrepancy between the contributions and benefits is the "Legacy Debt" that is built into the system.
-- N. Dantam, 26 May 2008. —Preceding unsigned comment added by 98.216.108.238 (talk) 20:04, 26 May 2008 (UTC)
[edit] Vermont girl
The article states she lived in Brattleboro her entire life, but the new external link says Ludlow: what's correct? Extremely sexy 12:39, 1 October 2007 (UTC)
