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Social Security Independence Day — Stephanie Kelton

Summary:
It's not well-known that people pay into Social Security only on the first 7,000 they make. While most fall far below this level and pay year-round, those with high salaries only contribute for part of the year.The LensSocial Security Independence DayStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/social-security-independence-day

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It's not well-known that people pay into Social Security only on the first $147,000 they make. While most fall far below this level and pay year-round, those with high salaries only contribute for part of the year.
The Lens
Social Security Independence Day
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/social-security-independence-day
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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