Short answer: No — the United States is not a high‑tax country. By every major international metric, the U.S. ranks below average among advanced economies.
Tag: FICA
Social Security, your wages and FICA
Social Security benefits are determined by your 35 years of earnings, not by the taxes you paid. These benefits are paid for life and may extend to a survivor. The SSA calculates your benefits using your highest 35-year earnings and adjusts them for wage growth. Millions of people receive SS benefits as dependents or spouses, and the system includes provisions for divorced spouses and children.
There is an easy fix to assure Social Security is solvent …perpetually
Social Security was designed to provide a floor income. It was never intended to be the primary source of income. Nevertheless, human nature being what
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