Answer :
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In response to the question about Social Security taxes, the statement "Most of the burden of Social Security taxes falls on workers" is actually true. Here's why:
1. Social Security taxes are typically divided into two parts: one part is paid by employees, and the other part is paid by employers. However, even though the taxes are technically split, economists generally agree that the burden of the tax ultimately falls on workers in the form of lower wages.
2. Employers consider payroll taxes, including Social Security taxes, as part of the total cost of employing a worker. As a result, when determining wages, employers may take into account the amount they have to pay in taxes on behalf of their employees, which can lead to lower wages for workers.
3. This situation is often referred to as tax incidence, where even though employers officially pay a portion of the tax, the burden of the tax is shifted to workers in the form of reduced wages.
So, in conclusion, it is true that most of the burden of Social Security taxes falls on workers, even though the tax is technically split between employees and employers.
