Raising the Earnings Limit

Brief Analyses | Social Security

No. 149
Tuesday, January 31, 1995
by John C. Goodman

The 42 million-plus Americans age 60 and over represent a vast store of human capital, rich in talent and ability. Yet this valuable resource is increasingly wasted.  If elderly workers under the age of 70 want to improve their standard of living or continue using their work experience and skills, the government takes the bulk of their additional wages through special taxes.

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