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Social Security Tax
Taxes collected to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors of deceased workers.
Regressive
Describes a process or policy that disproportionately affects those with lower incomes or status, often applied to taxation.
Cap Income Level
A ceiling or maximum limit set on income, beyond which additional income may be taxed at a higher rate or may not be eligible for certain benefits.
Income Levels
The categories of income range that differentiate between groups of people within a society, often used to indicate economic disparity.
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