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The Burden of Social Security Taxes and the Burden of Wage Inequality

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Publication Date: March 2005

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker

Topic: Labor (Labor conditions, wages, salaries, and benefits)

Keywords: Standard of living; Worker productivity; Wage inequality

Type: Report

Coverage: United States

Abstract:

This paper shows that wage inequality poses a much larger economic burden on most workers than any tax hikes that may be needed to keep Social Security solvent.