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Social Security taxes are taxes on the sale of labor services. Currently half of Social Security taxes are collected from the employer and half from the employee. Is this an efficient method of collecting these taxes? What would happen if we changed the law and collected the entire amount from the employers? What if we collected the entire amount from the employees? Use a graph to justify your answers. (Be thorough but precise with your answers.)
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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