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What is tax rate for social security

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Questions

1. What is the tax rate for Social Security? (6.2%)

2. What is the ratio of workers to beneficiaries in the past and today?

3. What's the difference between equality of outcome and equality of opportunity?

4. Explain the origin of Medicare, Social Security and the growth of social services in the U.S. in the twentieth century.

5. What is public policy?

6. What are the three main perspectives on the deserving poor and underserving poor?

7. What are some suggested solutions to the anticipated Social Security shortfall?

8. What makes the American economic system so successful? Identify and explain three of the reasons from Prof. Smith.

9. What are the biggest sources of money for the federal budget?

10. What is the difference between deficit and debt?

11. Identify and explain two variations of capitalism.

12. What does economist Milton Friedman say about tax cuts?

13. What are the top three expenses of the federal government?

14. Is it realistic to expect the United States to balance its budget?

Reference no: EM133320067

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