Will Lawmakers Increase Social Security Taxes? 39% of Workers Worry About It.
At this point, you may have heard the rumor that Social Security is on the verge of going broke. But thankfully, that's completely false.Social Security can't go broke because it gets the bulk of its revenue from payroll taxes. So, as long as people continue to hold down jobs and pay into the program, it can continue to get funded.Image source: Getty Images.Continue reading
At this point, you may have heard the rumor that Social Security is on the verge of going broke. But thankfully, that's completely false.
Social Security can't go broke because it gets the bulk of its revenue from payroll taxes. So, as long as people continue to hold down jobs and pay into the program, it can continue to get funded.
Image source: Getty Images.
