As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security

Wages captured by Social Security taxes hit a record low in 2021 due to increasing inequality, a new analysis finds.

New research shows that the proportion of wages that were subject to Social Security taxes hit a record low in 2021, as income inequality has skyrocketed and those receiving the highest incomes are paying proportionally even less into Social Security funds. According to a new analysis by the Economic Policy Institute (EPI), the share of earnings subject to the tax hit its lowest level in nearly 50...

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This post was originally published on Latest – Truthout.


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Sharon Zhang | radiofree.asia (2024-05-16T21:21:00+00:00) » As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security. Retrieved from https://radiofree.asia/2023/01/18/as-income-inequality-skyrockets-the-rich-are-paying-less-into-social-security/.
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" » As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security." Sharon Zhang | radiofree.asia - Wednesday January 18, 2023, https://radiofree.asia/2023/01/18/as-income-inequality-skyrockets-the-rich-are-paying-less-into-social-security/
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Sharon Zhang | radiofree.asia Wednesday January 18, 2023 » As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security., viewed 2024-05-16T21:21:00+00:00,<https://radiofree.asia/2023/01/18/as-income-inequality-skyrockets-the-rich-are-paying-less-into-social-security/>
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Sharon Zhang | radiofree.asia - » As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security. [Internet]. [Accessed 2024-05-16T21:21:00+00:00]. Available from: https://radiofree.asia/2023/01/18/as-income-inequality-skyrockets-the-rich-are-paying-less-into-social-security/
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" » As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security." Sharon Zhang | radiofree.asia - Accessed 2024-05-16T21:21:00+00:00. https://radiofree.asia/2023/01/18/as-income-inequality-skyrockets-the-rich-are-paying-less-into-social-security/
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" » As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security." Sharon Zhang | radiofree.asia [Online]. Available: https://radiofree.asia/2023/01/18/as-income-inequality-skyrockets-the-rich-are-paying-less-into-social-security/. [Accessed: 2024-05-16T21:21:00+00:00]
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» As Income Inequality Skyrockets, the Rich Are Paying Less Into Social Security | Sharon Zhang | radiofree.asia | https://radiofree.asia/2023/01/18/as-income-inequality-skyrockets-the-rich-are-paying-less-into-social-security/ | 2024-05-16T21:21:00+00:00
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