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The Social Security tax on payroll is a matching tax, meaning that: 1 The government matches the amount that each worker pays. 2 Both workers
The Social Security tax on payroll is a matching tax, meaning that:
1 The government matches the amount that each worker pays.
2 Both workers and their employers pay the Social Security tax based on the workers earnings.
3 The benefits workers receive are larger than the taxes paid.
4 The benefits a worker will receive are proportional to the taxes paid.
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