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| When they started taxing social security it started as a tax the rich scheme as the tax only applied to less than 10 percent of the recipients. It was a stealth tax for everyone as they didn't adjust the trigger for inflation so now over 50 percent of people pay tax on their social security. You get to pay tax as it goes in, and once you redeem your underperforming investment (if you live long enough) you get to pay tax on it coming out. If Wall Street did it would be criminal. | |
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tax spending to save soc. sec?
