Discuss why social security tax rate has increased so much

Reference no: EM13208223

If the Social Security retirement system was a private retirement system, it would be declared bankrupt. Discuss why this is so and why the Social Security system can continue to pay benefits despite the fact that it can be considered bankrupt. Discuss why the Social Security tax rate has increased so much in recent years. What measures could be taken to reduce the Social Security payroll tax rate?

Reference no: EM13208223

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