The Tax Lie They Tell the Middle Class_ Unveiling the Hidden Burden
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About this listen
When we think about taxes, we usually picture income tax. But let’s not forget payroll taxes, which contribute a hefty chunk to the tax responsibilities of middle-income folks. These are the taxes that help fund Social Security and Medicare. And here's the kicker: payroll taxes are actually regressive, meaning they take a bigger bite out of the paychecks of lower earners compared to those at the top. How fair is that?
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