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X account @jbsdc claims that the U.S. median taxpayer pays SSA nearly as much in SSA/Medicare payroll taxes as in federal income taxes.
Volunteering at my daughter’s middle school finance field trip today (mandatory in MoCo to teach things like budgeting) and we’re doing a simulation of being a taxpayer.
Reminder that the median American pays almost as much in SSA/Medicare payroll taxes as federal income taxes. https://t.co/Ir5HgYswEw
Volunteering at my daughter’s middle school finance field trip today (mandatory in MoCo to teach things like budgeting) and we’re doing a simulation of being a taxpayer.
Reminder that the median American pays almost as much in SSA/Medicare payroll taxes as federal income taxes. https://t.co/Ir5HgYswEw
The following is analysis, separate from reported facts. Verify important claims independently.
This is a personal statement by an X account. No independently verifiable tax statistics source was provided; it constitutes a view on the tax burden and contextual background statement, and discloses no new policy, legislative, or market event.
Check the following conditions in subsequent developments of this event: the original statistical definition, year, and data source cited for the tax-burden claim; whether any formal proposal, vote, or administrative action has emerged concerning U.S. tax or Social Security and Medicare policies
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