Tag: income tax for social security
![Their finances are in the green](https://crr.bc.edu/wp-content/uploads/2022/11/social_security_3-1536x1025.jpg)
The brief’s key findings are: The Social Security payroll tax supports: 1) the cost of current benefits; and 2) the “legacy cost” of paying benefits in excess of contributions to early generations. Covering current costs through the payroll tax gives workers’ a sense that they have earned their benefits and provides a stable revenue sourc…