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The list is endless. How can keep Social Security solvent for future generations? For consideration, this discussion will be focused on the pros and cons of increasing social security taxes, increasing the retirement age and the potential effects on gross domestic product (GDP) in the U.S. economy.
Social security was created in 1935 as one of most costly item in the federal budget. The program provides old age, survivors' and disability insurance to a healthy portion of Americans. Workers and their employers fund the system by each paying payroll taxes. The Internal Revenue Service collects the taxes and deposits the money in government-administrated accounts known as the Old Age and Survivors and Disability Insurance Trust Funds (OASDI)...
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Common topics in this essay:
- economic benefits and future outlook of social security
- Should we privatize social security benefits?
- Social Security Reform
- Social Security Reform: Increasing Taxes and the Retirement Age
- Social Security Reform
- Social Security Reform
- Social Security Reform
- Social Security reform
- Social Security
- Social Security
- Social Security
- Social Security
- Social Security
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