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View Diary: Take Social Security off the table (159 comments)

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  •  but the formula (0+ / 0-)

    relies on bend points to reduce the total check so that payout is proportionally higher on lesser initial incomes.  The tax is regressive in that it taxes lower incomes more than the highest incomes, but is somewhat progressive in returning more to lower incomes on a proportional basis because of the bend points.   Both are vital pieces of the calculation, both offer points at which payouts can be adjusted to achieve greater fairness.

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