Showing posts with label Tax Policy Institute. Show all posts
Showing posts with label Tax Policy Institute. Show all posts

Friday, July 31, 2009

bailout: Social Security?

Fortune's Allan Sloan takes a look at the troubled retirement program, why it's more important now than ever - and how lawmakers can repair it.
Article Title: The next great bailout: Social Security
Snippet from Article: "...According to the Tax Policy Institute, five out of six U.S. workers pay more in Social Security tax (including the employer's portion) than in federal income tax -- something that makes it especially important (and only fair) to preserve the program for lower earners, who get old-age benefits of up to 90% of their covered wages, while I get only 28%...."


Source: money.cnn.com

[tag]Federal,Government,Military,Retiree, [/tag]