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A Discussion on Social Security’s Progressive Design
As a universal benefit program, everyone who has paid into Social Security through their FICA tax assessment during their years in the workforce has earned the eventual return of these tax dollars. It’s important to note, though, that by design, those with relatively low earnings will ultimately receive a greater percentage of their pre-retirement income level. This is an indication of Social Security’s progressive design, and is explained in an article by The Motley Fool’s Christy Bieber in a post today on madison.com. Check it out here…