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(I) Because married women are permitted to receive benefits based on either their own earnings or 50 percent of the benefits earned by their spouse, whichever is greater, the payroll tax takes a big chunk of the earnings of many working women without providing any significant additional benefits to them. (II) Because blacks have a shorter life expectancy, they are economically disadvantaged by Social Security relative to whites and Hispanics.
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Market Rate
The prevailing interest rate available in the marketplace for securities or loans.
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Bonds issued with a maturity date typically more than ten years in the future, representing a long-term financial obligation.
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