PFRDA

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Summary: then decline steadily see Table B 9 column 13 Americans 23 to 28 years old pay the highest tax rate 10 percent while people over the age of 71 pay the lowest rate 1 5 percent See Chart 11 Moreover the percentage of individuals with any earned income is high from age 23 to age 53 and then falls as labor force participation declines for persons over the age of 53

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