The group that wrote the article is left wing but you are correct that SS is regressive, especially if you make over the maximum that is taxed. However, when it comes time to retire, the benefits are not linear with your contributions; lower income folks get a proportionally larger benefit. Also, SS is of greater benefit for lower income folks as they may not save anything for retirement if they are struggling to pay the bills. You do actually get to "see" the dollars. You can go to the SS website at see your benefits summary.
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Originally Posted by defrey12
It’s kind of funny that the article fails to mention the most regressive of taxes—and it doesn’t matter where one lives—Social Security from one’s paycheck. 7.5% directly to the Federal Government on every dollar earned, every paycheck. One doesn’t even get to see those dollars…gone before one gets their check.
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