CEPR - Center for Economic and Policy Research

Multimedia

En Español

Em Português

Other Languages

Home Publications Graphic Economics Growth in Real Earnings and Real Earnings Net of Additional Payroll Taxes
Growth in Real Earnings and Real Earnings Net of Additional Payroll Taxes Print
April 23, 2012

Even if the Social Security trust fund should run out in 2033 and the program should have to be made whole with additional payroll taxes, the loss to workers will be very small in comparison to their projected increases in pre-tax earnings. This is particularly true considering that the uncertainty concerning earning growth is much greater than any effect of the increase in payroll taxes.

ss-2012-ge

For more, read the latest Social Security Byte.