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Cumulative Payroll Taxes Consume 15.3 Perent of Workers' Paychecks

Created on July 29, 2015

Cumulative Payroll Taxes Consume 15.3 Perent of Workers' Paychecks

Social-Security-insolvent-2035-xzyuzsxqyw

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Read the original report, "Social Security: $39 Billion Deficit in 2014, Insolvent by 2035," by Romina Boccia.

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Source: Social Security Administration, “Social Security Tax Rates,” March 8, 2012, http://www.ssa.gov/oact/progdata/oasdiRates.html (accessed June 23, 2015).

CHART 2 • BG 3043

Tags: Social-Security, OASI, deficits