From the October 1953 Kiplinger Personal Finance Magazine
Note these tax changes, either in effect already or due to go into effect soon:
Social security tax will go up on January 1, with a ¼% increase on both employers and employees, making the levy 2 ½%. If you make $4,800 or more a year, you and your employer will each pay $25.50 more a year for your social security. If you are self-employed, your payment can go up as much as $38.25 a year, with a maximum tax of $180. Additional boosts in the taxes will come in 1960, 1963, 1966 and 1969. Ten years from now, assuming no further changes, you and your boss together will be paying $432 a year in your behalf for social security.
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