Paying People Not To Work: The Economic Cost Of The Social Security Retirement Earnings Limit

America is known throughout the world as the land of opportunity – a place where people can work hard and freely use their talents and abilities to make a better life for themselves and their children. Yet many elderly workers aged 62-69 are dismayed to find that the promise of America is conditional. For if elderly workers choose to work to improve their standard of living, they find that government takes the vast bulk of their additional wages through special taxes that apply only to them.

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