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With increased spending, government officials will need to look for ways to increase revenue in order to compensate and makeup for budgetary shortfalls. Unfortunately, when it comes to government, “increasing revenue” is another way of saying “increasing taxes.”
Will Social Security cover all of your retirement expenses? Does Social Security only provide retirement benefits? Is Social Security taxable? Will earning more money reduce my Social Security benefit? Is Social Security bankrupt?
If you watch the news, listen to the radio, or read financial blogs, undoubtedly you have come across several stories discussing the health of Social Security.
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