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A History of Payroll Tax Increases

Every time that Congress has addressed Social Security to date, its solution has been the same: raise payroll taxes. After all these tax hikes, is Social Security finally fiscally secure? There is no greater proof than this image, and Social Security's looming deficits, that raising taxes isn't the way to fix Social Security permanently.

Social Security Can't Pay Promised Benefits
A History of Payroll Tax Increases
Fewer Workers, More Retirees
Seniors Are Living Longer
Americans Are Getting Older
The Trust Fund

Growth in Federal Spending
Real Returns for Private Investments
The Retirement Iceberg Is Approaching
To Pay Scheduled Benefits, Payroll Taxes Would Have to Increase Over 50%
Delay Increases the Cost to Fix Social Security
Drastic Benefit Cuts When the Trust Fund is Exhausted




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