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Is social security a regressive or proportional tax?

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Inherently regressive because the burden falls on lower wages.
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What is the tax rate for Social Security?

12.4%. One-half, 6.2%, is withheld from wages. The other half is paid by the employer. The employee tax rate for social security is 6.2% (amount withheld). The employer tax

Do your tax pay your social security?

The taxes that you are paying now for for the social security and medicare insurance program are being used to pay for the benefits that the current beneficiaries are receivin

Is social security disability taxed?

Potentially, yes-it depends on your income level. The amount taxed could be very low. In general, up to 50 percent of your SSDI benefits may be taxed, which is determined by a

How is Social Security Disability taxed?

Social security disability and social security benefits are the same thing and would be subject to income on your correctly completed 1040 income tax return When you have othe

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When did Social Security tax begin?

The Social Security Act of 1935 was signed into law by President Franklin D. Roosevelt on August 14, 1935. The government began collecting taxes for Social Security in January

Do you have to pay taxes when you are on social security?

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Is corporate income tax progressive proportional or regressive?

US "C" Corps pay on their Federal Taxable Income (which differs, frequently substantially, from Book or financial income), at a 35% rate. Which means fixed and proportional to

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