Apple Inc. (AAPL), Wal-Mart Stores, Inc. (WMT), and Why You Pay 235 Times More in Social Security Taxes

The bad news for Social Security is that the trend toward more recipients and fewer workers will only get worse as the population continues to age. By 2034, as the entire baby boom generation reaches retirement, the Social Security Administration projects that there will be only two taxpaying workers for every Social Security recipient.

Will taxes go up further?
What’s unclear is how Social Security will change to meet new demographic challenges. Some lawmakers have proposed raising taxes or wage limits further, while others have suggested benefit reductions. Regardless, even just the natural progression of inflation adjustments to the wage base will keep Social Security taxes moving higher in the future — even as those paying the tax have no assurance that they won’t see their benefits cut before they ever receive them.

Apple Inc. (NASDAQ:AAPL) pays a big share of Social Security taxes, but investors are more concerned about whether Apple’s shares will keep plunging. The Motley Fool’s senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple Inc. (NASDAQ:AAPL) and what opportunities are left for the company (and your portfolio) going forward.

The article Why You Pay 235 Times More in Social Security Taxes originally appeared on Fool.com is written by Dan Caplinger.

Fool contributor Dan Caplinger owns shares of Apple. You can follow him on Twitter: @DanCaplinger. The Motley Fool recommends Apple and Ford and owns shares of Apple, Ford, and General Electric.

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