Social Security taxes are regressive because: O they apply only to rich people. O they are not applied to income beyonda certain amount. O they are applied to welfare recipients. O they are applied to retired people only.
Social Security taxes are regressive because: O they apply only to rich people. O they are not applied to income beyonda certain amount. O they are applied to welfare recipients. O they are applied to retired people only.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 7SCQ: The social security tax is 6.2 on employees income earned below 113,000. Is this tax progressive,...
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