2 ms·
Regarding federal payroll taxes, i.e. Social Security and Medicare, it's not accurate to lump these in with other taxes as they are basically forced-savings. An
by jbuzbee 10y ago
Regarding federal payroll taxes, i.e. Social Security and Medicare, it's not accurate to lump these in with other taxes as they are basically forced-savings. And due to their progressive nature, low-income individuals will get more out then they ever put in.