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.
The Qualified rate is often the only rate that is advertised or quoted to merchants because it is the lowest and most attractive fee. The quotes often look something like â1.59% + $0.10 per transaction,â but fail to mention that 50%, or less, of a merchants transactions will experience this low rate.