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Political Factoid
Payroll taxes
- Social Security
- Medicare
- Medicaid
are regressive.
The wealthy pay a
lower rate* than does
everyone else.
| * |
The wealthy only pay tax
for Social Security on the
first portion of their annual
wages. In all, payroll
taxes make up a much
smaller portion of family
income of wealthy
Americans than it does for
the working and middle class.
|
cf.
3740
|
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-30-
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