Reviews the payroll tax, Social Security's benefit formula, and outcomes by race, gender, and earnings level, and explores why low-income and minority groups do not receive greater returns on contributions. Simulates the effects of progressive reforms

Gordon B. T. Mermin

Melissa M. Favreault

English

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Are There Opportunities to Increase Social Security Progressivity Despite Underfunding?

the Tax-Transfer System on Racial Inequality and the Tax System. ” Special thanks to the Annie E. Casey Foundation, which is the primary funder for this research, and the Rockefeller Foundation, which supported the development of the DYNASIM model used in this paper. The authors gratefully acknowledge modeling assistance from Katherine Michelmore, Douglas Murray, and Karen Smith. The authors also thank Fiona Blackshaw for help with the editing of this paper and William Spriggs, Margaret Simms, Sheila Zedlewski, and Roberton Williams for comments on an earlier draft. The Urban–Brookings Tax Policy Center The Tax Policy Center (TPC) aims to clarify and analyze the nation’s tax policy choices by providing timely and accessible facts, analyses, and commentary to policymakers, journalists, citizens and researchers. TPC’s nationally recognized experts in tax, budget, and social policy carry out an integrated program of research and communication on four overarching issues: fair, simple and efficient taxation; long-term implications of tax policy choices; social policy in the tax code; and state tax issues. Support for TPC comes from a generous consortium of funders, including the America

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Are There Opportunities to Increase Social Security Progressivity Despite Underfunding

http://tpcprod.urban.org/uploadedpdf/1001231_social_security.pdf

Are There Opportunities to Increase Social Security Progressivity Despite Underfunding?

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