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If lawmakers cover Social Security's looming fiscal shortfall by raising the payroll tax rate again, how much in added taxes will the average wage earner pay during a 45-year career?

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Average wage earners would forfeit an additional $73,458 of their salaries to payroll taxes over the course of a 45-year career. This figure is measured in inflation-adjusted dollars. Without accounting for inflation, the figure is $150,323.

DocumentationSaving Social SecurityPayroll Tax Rate History




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