Social Security Tax System Essays - Social Security,

Social Security Tax System Revamping Our Future Social Security Tax System This paper will discuss the current United States Social Security Tax system, the purpose of that system and our goal for selecting this topic. Also, it will explain our analysis of it's current standing, different idea's about what to change in our current standing to secure and guarantee a strong future for it. We will conclude by recommending the best course to accomplish this goal. Contents Abstract 2 Contents 3 Title 4 Current U.S.A. Social Security Tax System 4 Low Risk Investment 7 High Risk Investment 8 Graph: Social Security Tax Increases 9 Conclusion/Recommendations 11 References 12 Revamping Our Social Security Tax System to Secure its future Current U.S.A. Social Security Tax System Social Security has been around for more than 60 years. It has been an important part of American life. It was created in 1935 shortly after the great depression. Social Security was created to be a protection for the American people against the hazards of unemployment, old age, and ill health. Today Social Security not only provides minimum protection for the retired worker, it also provides benefits for workers and their families due to death of a family wage earner or loss of income due to disability. Today there are about 150 million workers who are protected by social security, more than 44 million receive retirement, survivors and disability benefits form social security. American wage earners and their families are protected by social security and they pay taxes to help make the system work. There are two philosophies Social Security bases its payments on. First, the system is designed so that there is a link between how much a wage earner pays into the system and how much he or she will receive in benefits. For example, a high wage earner will receive more benefits while a low wage earner will receive less. Second, a base for economic security is provided by the Social Security system. Social Security provides a valuable package of retirement, disability and survivors insurance, which relieves families of financial burdens from supporting other family members. Social Security has made an enormous difference in the lives of older Americans. American workers can retire as early as age 62. At this age, wage earners are eligible to get reduced benefits from Social Security. Wage earners may wait for full retirement age to be eligible for full retirement benefits. Currently, full retirement age is 65, but will be moved up gradually starting in 2003. The new retirement age will be 67 for people born in 1960 or later. Social benefits payments are paid out to more than 9 in 10 retirees. In America, only 11 percent of senior citizens live in poverty. Without Social Security benefits, the percentage of seniors living in poverty would be much higher. Social Security is the major source of income for about two-thirds of elderly Americans, and for abut a third Social Security is virtually their only source of income. Retired Americans are given a dependable monthly income from Social Security. Automatic increases are tied to increases in the cost of living. Social Security gives retired American citizens a measure of deserved financial independence (and that measure is becoming lower every year). Social Security is more than a retirement program. It is also a protection plan for American citizens. Valuable disability and survivors' insurance protection are given to younger wage earners and their families. There are about 1 in 3 workers who are Social Security beneficiaries that are not retired. Monthly survivors' benefits are given to about 7.5 million people and more than 6 million workers and family members receive disability benefits. Social Security provides a foundation on which to build retirement security. Social Security, pensions and savings is a three-legged financial stool for a comfortable retirement. Unfortunately, there is only a little more than half of all workers whose employers have pension plans; and people are not saving for their future retirement. Pre-retirement earnings for the average worker are about 40 percent, provided by Social Security. Financial advisors say that the average worker will need 70 percent of pre- retirement earnings to live comfortably. Saving is an important part of retirement planning. Social Security will begin mailing statements to workers age 25 and older. The statement will show a worker's earnings history, as well as giving estimates of retirement, survivors and disability benefits. This statement will help with future financial planning. Demographics have been the main reason for Social Security's long-range financing problem. People, today, are living longer and healthier lives. In 1935,

Kazaa blunder essays

Kazaa blunder essays Kazaa is indicative of E-Commerce I because it was technology driven. The whole system was run from a software design of a Swedish and Dutch designer. The base of Kazaa was modern technology. Revenue growth was not the tremendous part of Kazaa. It did however make revenue from having big corporations advertise on their site, but they did not generate much revenue from its users. In the beginning Kazaa was ungoverned. When recording companies began to spring up and slap the company with copyright infringements, it quickly became more and more governed, leading to its demise. I do not believe that kazaa was totally an entrepreneurial venture, since Napster was founded and marketed before Kazaa existed. One last trait of E-Commerce I was that Kazaa possessed a pure online strategy. It knew its target market and became one of the most popular peer-to-peer sites in the history of the internet. As for E-Commerce II, Kazaa was certainly business driven. They did not have the consume r in mind for their profit making, rather the corporate big names like Microsoft and Net Flix (to name a few). It did hold a certain emphasis on profits, although it was not a huge emphasis. As Kazaa grew and more controversy arouse, it seemed to have more governance and stronger regulations. I feel this was because when it was a hot issue about a year or so ago, it was covered on the news almost n a daily basis. Lastly I feel that kazaa had tremendous follower strength, right up to the end. I can recall the cases were the government was fining a 13-year-old children on their computers for downloading illegal music. Threats were made to the consumer, but they still carried on with Kazaa, especially the college crowd. As stated before, Kazaa made their money through offering advertising on the website. As explained earlier, Kazaa falls into both categories of E-Commerce I The technological advances of peer to peer technology are many. The ease...

Marketing Concepts and Planning of Cathay pacific Essay

Marketing Concepts and Planning of Cathay pacific - Essay Example The company believes that their business is marketing knowledge to the travellers. Accordingly, the company is dedicated to Hong Kong where it was established as it continues to make substantial investments to create Hong Kong’s aviation industry and improve the position for Hong Kong as a regional transportation hub. Furthermore, additional to fleet of aircraft, the company also invests in food preparation, aircraft repairs and ground management companies. To Cathay Pacific, a great airlift is not just concerned with the offering of a charming check-in, delicious food and relaxed seats; it is about knowing what a customer desires before they need to request. This is Cathay Pacific company considers that the factual long-term distinction between themselves and their rivals is the exclusive service elegance offered by their staff. Research has shown that their service has an even superior influence on travellers' opinions than the product they provide (Danny 2006, p. 78). To Ca thay Pacific, this shows that training and advancing in their workforce has just as noteworthy profit as their venture in extraordinary technology. For this reason, they have been concentrating or aiming at evolving a culture of service quality. They call this new culture 'Service Honest from the Heart.' Segmentation, Targeting And Positioning Decisions of Cathay Pacific Cathay Pacific is the sphere`s third most cost-effective air company. It is registered and grounded in Hong Kong and at present hires over twenty thousand employees. Segmentation, targeting and positioning are the vital methods of marketing plan. Quantity market is separated into minor sections in which clients share the same set of needs and desires (Graydon 2003, p. 87). Sellers recognize sections or fragments and choose the most practicable and cost-effective sections to target. Cathay Pacific targets trade travellers by chosen account database and mice advertisings. Giving emphasis to the dedication to Hong Kong is a distinction positioning approach of Cathay Pacific (Moyo 2005, p. 59). In addition, Cathay Pacific situates itself as an air company giving superiority services from deep down their hearts. Therefore, its present brand building war for reinforcing this position is â€Å"Individuals and services.† Cathay Pacific manages the complaints of its clients through various channels including comment card, Website, and frontline employee because the number of objections is a sign, which can reveal client approval or contentment indirectly. Accordingly, the company recurrently performs survey concerning the contentment of clients proactively (Greenley 2005, p. 123). The outcome of the contentment shows that client is fulfilled with Cathay Pacific`s services. Content clients lead to client reliability and, in turn, improve brand justice. Nevertheless, Cathay Pacific still copes with two tiered reliability program to uphold and enhance customer reliability. According to Robeson (200 9, p.89), segmentation, targeting and positioning are interrelated steps for planning marketing stratagem. Segmentation has been identified to encompass apportioning the market into numerous smaller sections with comparatively consistent client needs and desires. Targeting includes a company`s choice of deciding on one or more target sections to attend. On the