Social Security and Payroll Taxes
Thanks to falling birthrates and rising numbers of retirees in the U.S., the future of Social Security is uncertain. Over the years, Tax Foundation economists have published a range of studies exploring Social Security's financial problems and outlining possible reforms to help restore the system to long-term solvency. Currently, U.S. federal payroll taxes consist of a 12.4 percent Social Security tax, and a 2.9 percent Medicare tax.
Additional questions about Social Security and payroll taxes? Call (202) 464-6200.
Related Blog Entries
- Presidential Candidates' Views on Social Security, by Gerald Prante, November 29, 2007
- Tax Foundation Files Two U.S. Supreme Court Briefs, by Joseph Henchman, September 25, 2007
- New Report on Tax Burdens and Government Spending by Age Group, by Andrew Chamberlain, June 4, 2007
- New Study Analyzes Distribution of Taxes and Spending Together, by Gerald Prante, March 23, 2007
- Katherine Baicker Discusses Health Care Reform, by Alicia Hansen, January 30, 2007
- Growing Entitlement Spending and 'Economic Collapse', by Andrew Chamberlain, January 18, 2007
- Podcast with Boston University Economist Laurence Kotlikoff, by Andrew Chamberlain, September 26, 2006
- Social Security Celebrates 70th Anniversary, by Curtis S. Dubay, August 15, 2005
- Fixing Social Security and Encouraging Growth, by Curtis S. Dubay, May 17, 2005
- General Motors and the Entitlement Culture, by Curtis S. Dubay, May 3, 2005
