The Internal Revenue Service (IRS) estimates that the gross tax gap—the difference between the total taxes owed and the amount paid on time—was $496 billion annually for tax years 2014 through 2016.
The Internal Revenue Service (IRS) estimates that the gross tax gap—the difference between the total taxes owed and the amount paid on time—was $496 billion annually for tax years 2014 through 2016.
In 2023, Americans contributed $1.233 trillion in payroll taxes to Social Security, with employers and employees each contributing 6.2% of wages up to a maximum of $168,600, while self-employed individuals pay 12.4%. The Social Security Admin paid out $1.351 trillion in benefits. It's OUR money.
In 2023, Americans contributed $1.233 trillion in payroll taxes to Social Security, with employers and employees each contributing 6.2% of wages up to a maximum of $168,600, while self-employed individuals pay 12.4%. The Social Security Admin paid out $1.351 trillion in benefits. It's OUR money.