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Do proposals that allow individuals to save and invest some of their Social Security taxes in personal accounts generally improve or harm the finances of the Social Security program?
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Proposals that give Social Security an element of personal ownership are generally structured to strengthen the program's finances. Although some tax revenues that would have gone into the program go instead to people's personal retirement accounts, these tax revenues are more than offset by the savings of not paying these individuals full benefits.
DocumentationPersonal Social Security Ownership
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