Question: Discuss the following quotation The ongoing effort to partially convert
Discuss the following quotation: “The ongoing effort to partially convert Social Security from a payroll tax financing to income tax financing— by further cutting the payroll tax . . . and replacing the funds with general revenues— may in short order put an end to the longstanding conception of Social Security as a benefit earning by worker contributions” [Blahous, 2011].
Answer to relevant QuestionsUnder one proposal for Social Security reform, younger workers would be able to divert up to $ 1,000 of their payroll taxes into an individual account. However, this diversion of funds would be in exchange for lower defined ...The last thirty years has seen an influx of low-income immigrants into the United States. How would this affect the various distributional and poverty measures discussed in this chapter? A commentator recently suggested the following welfare reform: “Scrap the failing welfare programs. . . . Ensure that everyone has a basic income. Then simplify the tax code to restore the incentives . . . for everyone to ...The state of Texas recently enacted a $ 5 per-customer tax on strip clubs [Fernandez, 2011]. Discuss the likely incidence of such a tax. Use an appropriate diagram as the basis for your discussion. US politicians from both parties occasionally propose cutting the federal gasoline tax (which is a unit tax) only during the summer months, when prices tend to increase. Assume that gasoline refiners run near full capacity ...
Post your question