payroll tax

(credit: istock)

U-M: Pay Hike For Older Workers Could Cut National Debt

By eliminating Social Security payroll taxes starting when workers are 55 years old, the study shows that take-home pay would jump by 10.6 percent and they would work 1.5 years longer on average, paying more income taxes and helping to reduce the federal deficit.

WWJ Newsradio 950–08/28/2012

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