Social Security is a bigger tax burden on most households than personal income tax.

Name: Social Security is a bigger tax burden on most households than personal income tax.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Social Security tax is a regressive tax, which means it applies the same rate to everyone regardless of their income level, up to a certain income cap. Therefore, for households that make less than the income cap, Social Security tax is a bigger tax burden than personal income tax.

Social Security Is a Bigger Tax Burden on Most Households