chanel
Silver Member
The Social Security Administration asked its inspector general to investigate how a $32.3 billion mistake skewed its statistics on 2009 wages in the U.S.
Two people were found to have filed multiple W-2 forms that made them into multibillionaires, an agency official said yesterday. Those reports threw statistical wage tables out of whack and, in figures released Oct. 15, made it appear that top U.S. earners had seen their pay quintuple in 2009 to an average of $519 million.
The agency yesterday released corrected tables that showed the average incomes of the top earners, in fact, declined 7.7 percent to $84 million each.
Bloomberg News wrote a report last week about high-earners income after questioning Social Security officials about record- high wages found in the statistics. The agencys staff confirmed the data, though they began reviewing W-2s by hand after the news story was published.
`Invalid' Forms by Supposed Billionaires Skew U.S. Wage Figures - Bloomberg
And the IRS will be monitoring health insurance premiums now?