
When Congress passed a law that imposed a tax designed to fund its Social Security and Medicare programs, it wanted employers and workers to share the burden of the tax equally.Most economists who have studied the incidence of the tax have concluded
A) the tax is not high enough to cover the future costs of Social Security and Medicare.
B) the tax on employers is too high because it reduces the employment of low-skilled workers.
C) the burden of the tax falls almost entirely on workers.
D) the tax rate should be greater for high-income workers than for low-income workers.
Correct Answer:
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