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Inequality Costs Social Security Trillions

Is your salary less than $160,200? If so, you’re among the 94 percent of American workers who pay into Social Security all year long. Thanks to a loophole that exclusively benefits the affluent, income above that amount simply isn’t taxed for Social Se…

Is your salary less than $160,200? If so, you’re among the 94 percent of American workers who pay into Social Security all year long. Thanks to a loophole that exclusively benefits the affluent, income above that amount simply isn’t taxed for Social Security. That means someone like Tucker Carlson, who makes a reported $8 million a year, stopped contributing More

The post Inequality Costs Social Security Trillions appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Linda Benesch.


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