To Pay Scheduled Benefits, Payroll Taxes Would Have to Increase Over 50%
Social Security promises workers benefits that it can't afford to pay. To pay everything that Social Security will owe over the next 75 years, payroll taxes would have to increase by over 50 percent, according to the Social Security Administration. And what happens after 75 years? More taxes. Today's Social Security is a system that is unsustainable.
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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