Titanic Facts: The Ship. White Star Line was the company that built the Titanic, and was owned by J.P. Morgan, an American tycoon. The cost to build the RMS Titanic was $7.5 million. RMS stands for Royal Mail Steamer. It took 3,000 men two years to build the Titanic.
Workers and employers pay for Social Security. Workers pay 6.2 percent of their earnings up to a cap, which is $118,500 a year in 2015. (The cap on taxable earnings usually rises each year with average wages.) Employers pay a matching amount for a combined contribution of 12.4 percent of earnings.
So the drop down that you see here is due to the likelihood of our 22-year-old, now aged, retiring. In total, this 22-year-old can expect to pay into Social Security about $840,000, not adjusted for inflation, and pull back out about $1.2 million, for a 1.6 percent rate of return.