In 2007, the Social Security Trustees suggested that either the payroll tax could increase to 16.41 percent in 2041 and steadily increased to 17.60 percent in 2081 or a cut in benefits by 25 percent in 2041 and steadily increased to an overall cut of 30 percent in 2081.
effective rate of protection. the real amount of PROTECTION accorded to domestic suppliers of a final product when a TARIFF is applied to a competing imported final product (see IMPORTS), but either no tariff, or a lower rate of tariff, is applied on FACTOR INPUTS that are imported to produce that product.
It is absurd that Chase or any bank is allowed to charge fees for overdraft protection. The overdraft protection is a credit line, which functions like a credit card. The annual credit line interest rate at Chase is over 20%. On top of that, the bank gets $10 per transaction--- each time you access the credit line.