SSI Income Analysis the Social Research Paper

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Sixth, nearly one half of taxpayers in this country do not pay a nickel in federal income tax and that needs to change. There is something to be said of the poor not paying federal income but when households making north of $60,000 are paying nothing, there is something wrong with that. Many people point to the rich as needing to pay more but they've been paying progressively more and more for generations and if shared contribution and shared sacrifice is truly the goal, then everyone who has the means to at least pay a little something, should do so. As it currently sits, the top 1% of all taxpayers pay more than a third of all income taxes. The top five percent pays nearly sixty percent of income taxes. The top ten percent pays more than seventy percent of income taxes. The bottom 50%, on the other hand, pays 2.25% of all taxes (NTU, 2012).

While this problem is a massive one, it is not a new one. As mentioned elsewhere in this report, the Medicare tax used to have a cap that was identical to the Social Security rate and it was removed in 1993 (SSA.gov, 2012).

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That would be a step in the right direction for Social Security but it would absolutely not be a fix-all and not all of the solution can come from just leaning on taxpayers even more than is already done already. Society as a whole needs to change to make this work if it's going to work out the way it can and should.

Conclusion

There is nothing wrong, in total, with the current Social Security system. There can and should be a safety net for senior and disabled persons to rely upon if they cannot take care of themselves, either temporarily or over a long period of time. However, there is also much to be said for preparation and self-sufficiency and the people that can take care of themselves should be urged (if not made) to do so because the people that are truly defenseless and unable to change or make their own fate in the first place should be the first people to get help and if they get short-changed due to people that are taking advantage, then that is truly a moral failing of anyone that would engage in such a behavior and/or anyone that allows it.....

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