Comment on US Question. Will the people that have to wait until 70 to get Social Security ever get what they paid in to it back out before they die since men's life expectancy is only 77 now?

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tburkhol@lemmy.world ⁨7⁩ ⁨months⁩ ago

In the US, social security is a tax on poor people earning less than~$160k. That’s the bottom 90% of earners.

The top 10% of earners collect about half of the country’s personal income. Each of them does have to pay SS tax on the first $160k of earned income, but clearly there’s a huge pool of income that doesn’t pay into social security.

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