"Beneficiaries pay only 15% of benefits received" is VERY misleading. Payments are made 20, 30, or 40 years prior to receiving benefits A $1 payment would grow to about $5 in 40 years at a rate of just 4%
The U.S. federal income tax code is already among the most progressive in the world. Most EU countries that raise a higher share of income than this country, do so with a VAT.
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"Beneficiaries pay only 15% of benefits received" is VERY misleading. Payments are made 20, 30, or 40 years prior to receiving benefits A $1 payment would grow to about $5 in 40 years at a rate of just 4%
Post: Is paying income taxes on your Social Security benefit fair?
Link to comment from August 5, 2024
The U.S. federal income tax code is already among the most progressive in the world. Most EU countries that raise a higher share of income than this country, do so with a VAT.
Post: Paying the Piper
Link to comment from July 7, 2024