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WHY SOCIAL SECURITY IS A PROBLEM TODAY
November 28, 2007
More from Howard Gleckman at TaxVox on why we shouldn't ignore Social Security's long-term fiscal imbalance:
For example, the benefit of increasing payroll taxes will decline as time goes by. Today, for every retiree there are three workers to pay those higher taxes. In less than three decades, there will be only two. That will mean unacceptably steep tax hikes for those relatively few who are on the job.
Best read it all.
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