Question

Social security taxes are regressive because

Answer 1

Social security taxes are regressive because the tax rate only applies to a maxi-mum amount of $102,000 (2008) with no taxes after one reaches this maximum. Individuals making $102,000 per year would be taxed the same amount as indi-viduals making $1,000,000 or even higher annual incomes. Thus, the tax rate will declineas income increasesabove $102,000

Answer 2

Explanation:

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