Answer to Question #293554 in Finance for Kelsey Jand

Question

Context Link: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go

Instructions: Provide a response including a few reasons why you disagree or agree, and further information to prove your point or connect it back to the statement.

Statement: I personally believe that our social security tax is one of the most important taxes to be paid. I think its important to pay this tax because, by paying it because of the benefits it offers later in life. Spouses and children of the deceased are given their paid tax money to help them after their loved one can no longer contribute. Our elderly get monthly retirement money because they paid their tax. Disabled workers and their dependents get money because they paid their social security tax. To conclude by paying social security tax it means that later in life if ever need be money is able to be given to the ones who need it in hard times, especially our elderly who have retired.

Answer 1

I agree. Social security tax is the most important tax for the citizens and the country at large. The benefits of this type of tax is normally realised later on in life or in uncertain circumstances. For instance, the children of the deceased and the spouses are able to benefit from this kity. The disabled workers and the elderly in the society are able to benefit a great deal from the Social Security Tax.